Like you and I talked about last week, I think it's the solvency of the banks that are more concerning than what it does to the bond market. That is until the dominoes really start falling. 

I think $63B won't be anything special and markets can absorb these amounts without much difficulty, but if they start coming one after the other, here we go again. 



0xbitcoiner

That is correct. I'm thinking there are plenty of banks all over the world in the same predicament. 

siggy47

econ

Norinchukin sounds warning as higher-for-longer rates inflict losses

I think it was this bank that announced a few days ago that it would be selling $63 billion of US and European government bonds at a loss, perhaps in an attempt to shore up some cash.