Japan Just Ended 30 Years of Free Money - And Your Portfolio Hasn’t Priced It In Yet

Did you hear about the yen carry trade? Be prepared for a few more. Japanese bonds are falling (yields are rising) at the fastest pace ever.

The 30-year decline in Japanese government bond yields ended in March 2024, when the Bank of Japan exited negative rates for the first time in seventeen years. The FRED monthly series shows the 10Y r…