Government bond liquidity is at an unprecedented historical low:

The Bloomberg Government Bond Liquidity Index rose to a historic peak of 6.5 points on Monday (the higher the index, the worse the liquidity).

Due to a surge in government spending in the U.S. and Japan, the index has doubled in the past few months, and the current liquidity situation is worse than during the 2008 financial crisis.

As a result, long-term government bonds have been sold off: the yield on Japan's 30-year bonds rose to 3.15%, the second-highest since issuance in 1999; the yield on U.S. 30-year treasuries is nearing 5.00% for the first time, reaching the highest level since May. $BTC $ETH $SOL #CPI数据来袭 #比特币巨鲸动向 #BTC再创新高