{
  "id": 4889405,
  "title": "Bitcoin stays flat as global bond bear market rages on, pushing JGB to high",
  "url": "https://urgent.news/2026/09/01/bitcoin-stays-flat-as-global-bond-bear-market-rages-on-pushing-jgb-to",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-01T15:34:00.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/markets/bitcoin-remains-flat-as-global-bond-bear-market-rages-on"
  },
  "original_language": "en",
  "account": "Global bond yields surged to multi-decade highs today, pushing Japan's 10-year government bond yield up to 3%, a peak not seen since 1996. Simultaneously, the 30-year JGB yield topped a record 4.18%. In the United States, the 10-year bond yield reached a new multi-year high, standing at 4.78%. These developments have reignited the debasement narrative, closely monitored by Bitcoin and precious metal investors.\n\nJapan and the United States find themselves in a mutual bind regarding their currencies. Tokyo cannot raise policy rates without incurring an operating loss, while Washington cannot repatriate capital without divesting Treasury securities that underpin financing. Some experts, like Arthur Hayes, have advocated for the Federal Reserve to utilize its Foreign and International Monetary Authorities (FIMA) repo facility. This mechanism could enable Japan's Finance ministry to borrow dollars against its Treasury holdings and sell them for yen, bolstering the currency without triggering a sovereign bond crisis. Hayes has previously hinted at the potential use of the FIMA facility.\n\nRising long-term yields may indicate that this scenario is being priced in. Robin Brooks, a senior fellow at the Brookings Institution, commented on the situation, noting that Japan has been experiencing a \"Liz Truss\" bond market crisis, with its currency falling while government bond yields continue to rise. This unprecedented event has never occurred in a major G10 sovereign market and is causing significant destabilization. The sell-off in global long-term bonds follows recent news that US Treasury Secretary Scott Bessent announced an increase in debt buyback transactions to $4 billion from September. While Treasury does not conduct monetary policy, some observers have compared this move to yield curve control, sparking renewed interest in the debasement trade. Despite this, Bitcoin has been trading sideways near the $78,000 mark, following a minor correction from its morning high of $79,000. The current price faces resistance around the $86,000 mark, slowing Bitcoin's upside momentum, even with positive news and renewed interest in the debasement trade.",
  "summary": "Global bond yields hit multi-decade highs today as Japan’s 10-year JGB yield reached a 30-year peak, keeping Bitcoin steady near $78,000.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}