Lark Davis –

The real reason behind today’s crypto market dump

Japan’s 10-year bond yield suddenly spiked to 1.88%,

which is the highest level since April 2008.

What’s the issue?

When Japan’s yields were near zero, Japanese investors used to buy U.S. Treasury bonds to earn better returns.

But now, as Japan’s own yields are rising, they no longer need U.S. bonds as much.

This means Japanese investors may pull money out of U.S. Treasuries and move it back into Japanese bonds.

When this happens, U.S. yields rise, creating fear across the stock and crypto markets, which results in a price drop.

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