Orderly Yield Repricing

The most likely outcome is that investors absorb the all-time-high 10-year JGB yield as part of a broader global duration repricing rather than a Japan-specific funding crisis. The BOJ keeps its tightening bias but avoids forcing markets to price an abrupt policy jump over the next few days.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.