Funny Money | Watch US Dollar and Japanese Bonds 🎧 #596 (Jan 23)

"Mother always said you were greedy... She meant it as a compliment," Mortimer Duke to Randolph Duke.

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Can’t miss excerpt of Peter Schiff’s latest. It is akin to what I have been saying could happen if other countries boycott buying US Treasuries or worse sells them.

Full video link.

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U.S. Treasury buys back another $2 Billion of their own debt 🤯 That makes $4.8 Billion over the last 2 days 👀 (Source: barchart)

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Liquidity in Japan's government bond market is collapsing:

The JGB Liquidity Index jumped to 9.5 points on Tuesday, indicating the worst liquidity conditions on record.

This index has DOUBLED over the last 12 months.

Conditions in the $7.6 trillion bond market have deteriorated materially since 2022, as bond yields have experienced one of the most dramatic increases in history.

This comes as the Bank of Japan has significantly reduced its bond purchases, while Japanese life insurers have sold a record amount.

Meanwhile, foreign investors now reflect ~65% of monthly cash bond transactions, up from just 12% in 2009.

These investors have much shorter holding periods than traditional domestic buyers, increasing volatility.

Japan's bond market is on the edge of a full-blown liquidity crisis.

Source: The Kobeissi Letter

Daily Stock Markets covered in under 15 min. No ads. No politics! Easy to follow for your morning coffee, dog walk or commute

Full Episode: 17min

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