Hello, fellow rebel capitals, hope you're well. So we have huge news right now in the

Treasury market and with the Japanese yen and the dollar. The yen is, well, to say that it's crashing might even be an

understatement, but what's bizarre is what's happening simultaneously in yields, specifically with a 10-year

Treasury yield. That's exploding to the upside. Let's go to a couple charts

and you'll see exactly what I'm referring to.

This is happening in real time right now as we speak and it has to be correlated.

It's very difficult when you get to this level to connect the dots and put the pieces of the puzzle together.

I'm going to do my very best, but Josh as we speak as reaching out to Jeff Snyder to try to get him on the show later on today,

hopefully 2 p.m. Eastern time so he can give us some insights as to what he

thinks is happening with the dollar

yen and how this is playing out with the 10-year Treasury yield.

So let's go over to some charts and you'll see exactly what I'm referring to.

First, let's start with the 10-year Treasury

yield and this is what caught my eye. I went to the gym this morning and I got back

to my office like I usually do just scanning the charts and looking at CNBC and

when I saw the 10-year Treasury yield I was like whoa whoa whoa what is going on here

so that's the first thing that caught my eye and look at this daily chart this is the one that Josh used in the thumbnail so right around to where are we here seven and I would guess this is eastern time so 7.

25 this morning we were right around, this might have been before the, I'm not sure how the FX markets work, but this might have been before the market opened. We were right around 440, which is a big move up.

It's actually that's zoom out to a five day chart. And you can see five days ago we were

423 and I remember last week we got sub 4.2. Remember we got like 4.19 and so this is a huge

move up just in the last few days but then today just a few minutes ago it just

goes parabok and you may say George that's not that big move wrong wrong the seven basis points, eight basis points,

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