The economic consequences of the putsch: very far from the most important thing, but the markets seem remarkably sanguine given what just went down. Bonds, in particular, are signaling new optimism about recovery 1/ pic.twitter.com/XbAaxaZhOa
— Paul Krugman (@paulkrugman) January 12, 2021
The ten year rose for one reason, the Japanese bond holders withdrew bids because the could not afford the FX insurance. They said it in a conference, it was published and is the cause.
The riots happened the day after the ten year reached 1.04, and the Japs wanted something greater than 1% The line is damn near stratight, there is no kink at Jan 6 to speak of.
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