$ARPA
ARPA
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The 30-year JGB yield recently $PENGUIN
PENGUIN
Alpha
0.0050839
+34.11%
hit a 13-year high around 2.2%, $DUSK
DUSK
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not 3.8%. However, because bond prices move inversely to yields, the price collapse is indeed historic. High duration means even small rate hikes cause massive capital losses. It’s a brutal correction after decades of Japan's "ultra-easy" monetary policy finally shifted.