• Arthur Hayes said that this is an embarrassment and will make others think twice about loading up on treasuries
• The Norinchukin Bank had previously held a big portion of its ¥45 trillion ($315.5 billion) portfolio in foreign government bonds
• The 30-year US Treasury yield climbed to 5.089%, which is the highest since October 2023, following a weak 20-year bond auction

Norinchukin Bank announced a loss of approximately $12.6 billion (¥1.8 trillion) for the fiscal year ending March 2025, primarily due to big losses on its holdings of foreign government bonds, especially US Treasuries and European sovereign debt.

This didn’t come out of nowhere, since the bank was forecasting a loss of ¥1.9 trillion back in February, with the CEO announcing his resignation. Today, the loss became official.

Arthur Hayes, co-founder of BitMEX, commented on the situation, saying that this is an embarrassment and will make others think twice about loading up on treasuries. He also stated: “There goes another price incentive buyer of the doo doo that The BBC needs to sell. All eyes are on the Brrrr button.”

His comments are likely referencing the notion that the Federal…

The post Japan’s Norinchukin Bank Reports $12.6 Billion Loss After Selling Foreign Bonds appeared first on Coin Edition.

• Arthur Hayes said that this is an embarrassment and will make others think twice about loading up on treasuries
• The Norinchukin Bank had previously held a big portion of its ¥45 trillion ($315.5 billion) portfolio in foreign government bonds
• The 30-year US Treasury yield climbed to 5.089%, which is the highest since October 2023, following a weak 20-year bond auction

Norinchukin Bank announced a loss of approximately $12.6 billion (¥1.8 trillion) for the fiscal year ending March 2025, primarily due to big losses on its holdings of foreign government bonds, especially US Treasuries and European sovereign debt.

This didn’t come out of nowhere, since the bank was forecasting a loss of ¥1.9 trillion back in February, with the CEO announcing his resignation. Today, the loss became official.

Arthur Hayes, co-founder of BitMEX, commented on the situation, saying that this is an embarrassment and will make others think twice about loading up on treasuries. He also stated: “There goes another price incentive buyer of the doo doo that The BBC needs to sell. All eyes are on the Brrrr button.”

His comments are likely referencing the notion that the Federal…

The post Japan’s Norinchukin Bank Reports $12.6 Billion Loss After Selling Foreign Bonds appeared first on Coin Edition.