Arthur Hayes: Japanese Government Bond Yields Surge, Central Bank's Rate Hike Plan May Face "Heavy Blow"

Arthur Hayes commented on social media about the surge in Japanese government bond yields. He stated, "Every central bank governor has a plan to raise rates until the bond market punches them in the face." Data shows that the yield on JGB 2.4 03/20/55#86 has risen over 15% in the past month, from 2.721% to a high of 3.184%, currently at 3.132%.