Global bonds sell off

Watch on YouTube ↗  |  January 20, 2026 at 20:01  |  2:44  |  CNBC
Speakers
Rick Santelli — On-Air Editor, CNBC Business News

Summary

Rick Santelli discusses the sharp selloff in Japanese government bonds, with 10-year JGB yields experiencing a six-standard-deviation move in two sessions. He contrasts the breakout in the U.S. 10-year Treasury yield with range-bound short maturities, highlights yen weakness in EUR/JPY and USD/JPY, and argues the U.S. dollar index remains resilient despite market noise. He cites TIC data showing strong foreign purchases of U.S. debt and dismisses the Greenland story as press noise.

  • Rick Santelli reports on global bond market moves, focusing on Japan.
  • 10-year JGB yields surged sharply in two trading sessions.
  • U.S. 10-year Treasury yield breaks out while 2-year remains range-bound.
  • EUR/JPY rises to highest since 1991; USD/JPY near July 2024 highs.
  • U.S. dollar index remains up on the year despite bond selloff.
  • TIC data shows aggressive foreign buying of U.S. debt.
  • Santelli dismisses the Greenland story as a media sideshow.
Ideas
Rick Santelli On-Air Editor, CNBC Business News 0:36
JGB yields surge, bonds sell off.
The 10-year Japanese government bond yield has surged in a six-standard-deviation move over two trading sessions, sending JGB prices sharply lower; Santelli frames this as the real market story, not the Greenland headline.
Japanese government bonds HIGH
Rick Santelli On-Air Editor, CNBC Business News 0:55
10-year Treasury yield breaking out.
The 10-year U.S. Treasury yield is breaking out to its highest level since August, while short maturities remain range-bound, signaling long-end pressure in Treasuries.
U.S. 10-year Treasuries MED
Rick Santelli On-Air Editor, CNBC Business News 1:21
Yen weakness persists in FX crosses.
The yen remains weak: euro/yen continues to grind higher almost daily, with the euro at its strongest level since 1991, while dollar/yen hovers near its highest level since July 2024.
EUR/JPY MED
Rick Santelli On-Air Editor, CNBC Business News 1:21
Yen weakness persists in FX crosses.
The yen remains weak: euro/yen continues to grind higher almost daily, with the euro at its strongest level since 1991, while dollar/yen hovers near its highest level since July 2024.
USD/JPY MED
Rick Santelli On-Air Editor, CNBC Business News 1:43
Dollar index resilient despite noise.
The U.S. dollar index is still up on the year and above its 2025 lows, supported by TIC data showing aggressive foreign purchases of U.S. debt; the dollar is not on fresh lows despite market noise.
UUP MED
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This CNBC video, published January 20, 2026, features Rick Santelli discussing Japanese government bonds, U.S. 10-year Treasuries, EUR/JPY, USD/JPY, UUP. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Rick Santelli  · Tickers: Japanese government bonds, U.S. 10-year Treasuries, EUR/JPY, USD/JPY, UUP