At the moment, it seems like the Bank of Japan's currency intervention has directly pushed up long-term US Treasury yields! Although the Fed didn’t raise rates this time, the market has already priced it in! Interestingly, this time the US helped Japan intervene in the yen exchange rate. The US chose to sell euros to buy yen, sacrificing one ally to protect another, but still wouldn’t sell dollars! This post is sponsored by @binancezh, 'Binance Buy US Stocks: Global assets, zero time lag, one-click access'!