Core Insights - A global "bond tsunami" is occurring, with Japan's government bond yields surpassing 4% for the first time in over 30 years, and U.S. bond yields reaching multi-month highs, indicating a fundamental reshaping of global interest rate dynamics [1] Group 1: Japan's Bond Market - All tenors of Japanese sovereign bond yields have collectively entered the "4 era" for the first time in thirty years [4] Group 2: U.S. Bond Market - The 30-year U.S. Treasury yield surged nearly 9 basis points in a single day, with the 10-year yield reaching 4.286% [5] Group 3: Global Bond Market - A synchronized sell-off is occurring across global bonds, including German and Australian bonds, with no market spared from the downturn [6] Group 4: Market Dynamics - The core driving force has shifted from "inflation and interest rate hikes" to a deeper crisis of "fiscal sustainability under high debt pressure," leading to a brutal repricing of the interest burden and long-term fiscal space of countries [7]
金融地震!全球债市突遭“海啸式”抛售,三十年纪录被打破!
Sou Hu Cai Jing·2026-01-21 12:43