US Long-Term Yields at Multi-Decade Highs — Japan the Hidden Driver
The US 10-year yield has hit its highest level since 2002 and the 30-year crossed 5.7%, with Japan's unwinding of decades of QE emerging as an underappreciated factor alongside oil and deficit concerns.
What we know
An account on X quotes a viral thread identifying Japan — ending its multi-decade QE posture — as a key hidden driver of the US yield spike, beyond the more commonly cited oil prices and fiscal deficits. This dovetails with the global growth reacceleration theme noted in macro charts, with both growth and inflation rising simultaneously. FinanceLancelot also disputes the accuracy of official GDP/inflation figures, suggesting real inflation is closer to 6% vs. the reported ~3%.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.