Institutional demand for Japanese government bonds is weakening:

In the first 7 months of 2025, insurers sold more super-long JGBs than they bought, putting them on track to be net sellers for the first time in history.

Super-long bonds include maturities of 20, 30, and 40 years.

Trust banks, often seen as proxies for pension funds, bought a net 1.47 trillion Yen of super-long JGBs, about ~34% below the 5-year average.

By comparison, they bought 7.39 trillion Yen throughout the entire 2024.

The pullback in demand has contributed to Japan’s 30Y Bond Yield rising to 3.19%, near a record high.

Japan's bond market needs help.

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Former New York City mayor Rudy Giuliani seriously injured in a car crash with fractured vertebrae and multiple cuts in New Hampshire

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Robots will take everyone’s jobs.

Robots in reality …

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The BBC has a new series King called King & Conqueror.

The epic historical drama depicts the events leading up to the Norman Conquest of England.

Here’s an Anglo-Saxon soldier fighting in the Battle of Hastings against the Normans

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GM

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The time picker on iphones alarm app isn’t actually circular it’s just a really long list

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They created quicksand, and got stuck in it, as the tide was coming in

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Argie lefties fuming that Milei took away their triple-digit inflation

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Altseason starting in 7 days?

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