Check Out The Japanese 10-Year Bond After The Big S&P Downgrade

Behold! An intraday chart of Japanese 10-year yields.

Notice anything? The sovereign downgrade from S&P hardly registered a blip. There was like one tiny moment where there was a little something, but yields didn’t even get to their highs of the morning.

As if you needed any more evidence of the ratings agencies irrelevancy.


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