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But we saved everything 🙂.
Robin Brooks observes that while short-term interest rates are fluctuating and 2-year yields are rising across markets, 10-year and 30-year yields have shown minimal increases.
He suggests that there remains significant room for long-term yields to rise further.
Brooks has recently commented on currency pressure stemming from Japan’s monetary policy. He noted that the yen approached 160 against the dollar after Japan's intervention, attributing the move to the country’s high public debt here. In a separate analysis, Brooks said continued bond purchases by the Bank of Japan may limit support for the yen despite intervention efforts here.