Japanese 10-year yields rise to highest since November
Japanese 10-year yields have risen above 0.50%, which is low by virtually any measure but it's up from 0.30% a month ago. Technically the rise today is a break above resistance at 0.48%.
It's tough to believe that something big and meaningful and lasting is happening in the global bond market but in the big turning points often the answers reveal themselves later and price action leads the way.
