Hi peruvian bull ๐ŸคŸ๐Ÿ˜‰๐Ÿดโ€โ˜ ๏ธ Exactly. The JGB carry trade is deeply intertwined with the US Treasury market. When unwinds happen, forced selling of bonds triggers a chain reaction higher yields, tighter liquidity, and potential instability. The question is: how much pressure can the system take before something breaks?

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