Yellow Out of Business, Bank of Japan Could Ruin The Party

Less than Truckload shipping carrier Yellow has officially gone out of business after ceasing all operations mid day yesterday. The company had over a billion dollars in debt and 30,000 employees. Also last night the Bank of Japan announced an unscheduled bond buying operation as the Central Bank intervened to slow the rise of interest rates on Japanese Government Bonds. Japan has long been considered the "anchor" of global debt markets, and the recent change to it's Yield Curve Control policy is threatening to upend global debt markets.

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