This Is What A Broken Market Looks Like: No One Traded 10Y JGBs On Tuesday

So on Tuesday, not a single 10Y JGB traded. That was the first time we’ve seen a completely lifeless session since June 29.

Yeah, I mean markets were hesitant ahead of CPI in the U.S., but we all know what’s going on here. Kuroda has cornered the JGB market. He owns something like 40% of it and on some issues, he’s damn near the only game in town.