花旗预警：日本国债“风暴”来袭，或触发全球1300亿美元债券抛售潮

Group 1 - The volatility in the Japanese bond market is rising sharply, which may spread to other markets, particularly the U.S. Treasury market, prompting some investors to significantly reduce portfolio risk [1] - Risk parity funds may need to cut up to one-third of their current risk exposure, potentially leading to bond sell-offs of up to $130 billion in the U.S. alone [1] - The Japanese Prime Minister's campaign promise to reduce food taxes has led to a surge in long-term bond yields, with 30-year and 40-year bond yields rising over 25 basis points, reaching new highs [1] Group 2 - Since early last year, the volatility in Japan's bond market has been increasing due to growing fiscal concerns, significantly impacting global markets [2] - Analysts now view Japan as a major source of global bond volatility, with long-term yields soaring, exacerbating market turmoil already heightened by global fiscal deficit worries [2] - Japanese investors are the largest foreign holders of U.S. Treasuries, indicating that the U.S. bond market faces long-term risks from Japan [2]