168 sats \ 1 reply \ @siggy47 20 Oct 2023 \ parent \ on: Meta Econ Takeover Day 4 meta
This, coupled with the fact that both China and Japan have to liquidate dollar based assets to try to keep their currencies afloat. I expect a BOJ intervention very soon, which will further weaken US treasuries. Also, China is instituting capital controls (again).
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176 sats \ 0 replies \ @gabybaby 20 Oct 2023
Rumor is China has been behind the latest spike in yields. I wouldn't be surprised, they're facing some very deep systemic problems that are decades in the making. Totally agree with your point that they're shedding ballast to try and stay afloat. Curious to see how it plays out.
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