It started quietly. No fireworks. No headlines. Just a flicker on a trader's screen in Tokyo: Japan's 30-year bond yield surged to 3.38 percent.
In a country where interest rates had been pinned near zero for over a generation, this was the financial equivalent of an earthquake. And within hours, that tremor began sending shockwaves through every major financial market on Earth.
This isn't just a story about Japanese bonds. It is a warning siren for every portfolio, every central bank, every retiree, and every debt-soaked government trying to survive in a world that is rapidly changing.
The End of the Widow-Maker Trade