2026-01-18 20:22:27

The bond market is flashing warning signals most people aren't paying attention to.

Japan's 10-year yield just hit 2.18%—the highest level since 1999. Meanwhile, the US 10-year sits at 4.23%, and China's is holding at 1.84%. For anyone who's studied macro over the past decade, this divergence is genuinely unusual.

These aren't just numbers on a screen. When government borrowing costs move like this, it reshapes everything downstream—equity valuations, real estate, and yeah, the entire crypto landscape too. The yield curve tells a story, and right now it's speaking in a language most traders seem to be ignoring.

The question isn't whether rates matter. It's whether the market has priced in what's really coming next.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes

Reward
8
6
Repost
Share

Comment

0/400

GateUser-c802f0e8

· 6h ago

Wow, Japan's returns are so impressive? The crypto world needs to step up.

View OriginalReply0

VCsSuckMyLiquidity

· 6h ago

Japan's yield hits a 99-year high? This is getting interesting. Everyone is trading cryptocurrencies, but the bond market is warning crazily. Truly outrageous.

View OriginalReply0

ForkLibertarian

· 6h ago

Japan's yield surpasses the 1999 high, how much longer can these ripples be hidden... --- Another ignored signal, you'll regret it when you lose money --- The extreme divergence in yields—what does it indicate? No one truly understands macroeconomics --- The crypto world is still partying, while the bond market has already started telling stories—only those who understand will catch on --- 4.23% vs 1.84%, this gap... is a bit scary --- The core issue isn't interest rates; it's that market pricing is completely out of touch --- Japan is already at 2.18%, so why are some still saying it's no big deal?

View OriginalReply0

ShortingEnthusiast

· 6h ago

Japanese yields suddenly surged to a 99-year high. Now players really need to wake up; the market is still sleepwalking.

View OriginalReply0

SadMoneyMeow

· 6h ago

Japanese yields have skyrocketed straight up, something really might happen this time --- The yield spread between China, the US, and Japan is so large... feels like the calm before the storm --- The market is pretending to sleep, the black swan has already woken up --- Here we go again, another "no one is paying attention" warning signal, and then what? --- Honestly, these three numbers are a bit frightening, especially the one from Japan --- What is the crypto circle still arguing about? The bond market is already singing a different tune --- The yield curve is going crazy, and some people are still looking at candlestick charts? --- It turns out the real story is in these boring numbers, hilarious --- Japan breaking the 2018 high indeed feels off --- No wonder the market has been so strange lately, it's all here --- Wait, China is only 1.84%? This divergence is a bit outrageous

View OriginalReply0

DisillusiionOracle

· 6h ago

Japanese yields break 99-year high... This wave is really coming, isn't it? Just worried that retail investors are still sleepwalking.

View OriginalReply0