Japan's Yield Surge Rattles Markets, Bitcoin Braces for Impact
Japanese bond yields hit multi-decade highs, pressuring yen carry trades and raising questions about Bitcoin's vulnerability to a stronger yen.
Japanese bond yields hit multi-decade highs, pressuring yen carry trades and raising questions about Bitcoin's vulnerability to a stronger yen.
Robert Kiyosaki's $1.2 billion debt is secured by apartment buildings, not his Bitcoin or gold. His personal share is far lower.
The dollar rose across the board, Treasury yields increased, and stocks fell as renewed US-Iran fighting pushed crude above $90, adding to inflation concerns.
RBNZ rate hike widely expected; Australian Q2 GDP data due with focus on trade and inventories.
Bitcoin returned 25% in August, its third-best August ever, as Treasury debt moves and Trump's backing for the Clarity Act boosted sentiment.
The 10-year yield hit 4.80%, just shy of the Jan 2025 high, as the bond bears' breakout above 4.75% targets 5%.
Canadian PM Carney demands US stop memes before trade talks resume. Retaliatory tariffs set for Sept 8.
US dollar strengthens to new highs against major currencies, supported by rising oil and yields amid Middle East tensions after Trump said US strikes Iran.
Gold lost nearly $100, dropping to $4353 and its lowest level since August 18, as sellers broke through key support.
Bessent stressed monetary policy communication and backed Japan's yen steps. Also commented on Fed; crude oil rose on Iran attack.
Ethereum fell 3.7% from August high as short-term ETF inflows slowed and whale selling emerged, but long-term structural indicators remain supportive.
Bessent said Japan is taking right steps for its economy; G20 discussed growth and trade protection. Xi-Trump meeting set for Sept 2026.
Carney said Canada never believed it had a trade deal with the US and criticized US officials' insults.
US construction spending dropped 0.5% in July, worse than the expected flat reading. Residential construction led the decline.
US manufacturing ISM PMI fell to 54.6 in August, missing the 55.2 estimate, with most components weakening.