Pay attention to JGB

Japanese 10 year bond yield rose to 1.47% from 1.25% (still relative low) in a month. Consider the debt/GDP at 200%, a small rise in yield will add huge deficit to the government. If yield in U.S go up 1% on average next year, it will add 10 billion dollar to deficit on new issurance alone. Pay attention to Japn and it is a prelude to what may happen in U.S. A 2% in JGB and 4% in ten year U.S. bond will be very damaging.

Closing value
Portfolio 1: 110061(U$)
Portfolio 2: 80133 (C$)