Learning archive

Japan likely held off US Treasury sales, says ex-BOJ policymaker
  • May 29, 2025

Japan likely held off US Treasury sales, says ex-BOJ policymaker

TOKYO (Reuters) -Japan likely held off selling from its huge U.S. Treasury holdings as there is no alternative investment given the dollar's status as a global reserve currency, former Bank of Japan (BOJ) policymaker Sayuri Shirai said on Thursday. Japan and China are the two largest holders of U.S. Treasuries, making their presence a huge focus of attention whenever U.S. yields spike. Although both countries say little about their trading, the huge U.S. Treasury sell-off in April has led to market speculation they could have, or might have, unloaded their holdings.

Read More
Global government issuance of US dollar debt tumbling in 2025, data shows
  • May 28, 2025

Global government issuance of US dollar debt tumbling in 2025, data shows

(Reuters) -Governments in Asia and Europe are raising far less debt in U.S. dollars than usual, preferring to issue at home as they avoid exposure to rising U.S. yields, currency volatility and broader concerns about U.S. government finances. According to Dealogic data, issuance of dollar bonds by non-U.S. sovereigns dropped 19% to $86.2 billion in the first five months of this year compared with the same period last year, marking the first decline in three years. The January-May dollar bond issuance by the governments of Canada and Saudi Arabia fell 31% and 29% to $10.9 billion and $11.9 billion, respectively, while issuance by Israel and Poland declined 37% and 31% to $4.9 billion and $5.4 billion.

Read More
US court's tariff ruling gives markets short-term pop, long-term angst
  • May 28, 2025

US court's tariff ruling gives markets short-term pop, long-term angst

TOKYO (Reuters) -A legal roadblock on U.S. President Donald Trump's sweeping tariffs drew early cheer from markets on Thursday, but the risks of extended policy and economic paralysis cast a deeper shadow for investors worried about the longer term. Most equity markets are back above water after routs following Trump's "Liberation Day" tariffs announced nearly two months ago, only to be repeatedly delayed and adjusted since then. Trump's administration immediately appealed the ruling, but it breathed some optimism, however temporary, into risk assets and the U.S. dollar, one of the biggest losers from the chaotic tariff rollout.

Read More
Oil climbs in risk-on mood as trade court blocks Trump’s tariffs
  • May 28, 2025

Oil climbs in risk-on mood as trade court blocks Trump’s tariffs

(Bloomberg) -- Oil advanced alongside equity markets after a US trade court blocked President Donald Trump’s global tariffs, deeming them illegal.Most Read from BloombergNYC Congestion Toll Brings In $216 Million in First Four MonthsNY Wins Order Against US Funding Freeze in Congestion FightNY Congestion Pricing Is Likely to Stay Until Year End During Court CaseBrent climbed toward $66 a barrel after rising 1.3% in the previous session, while West Texas Intermediate was near $63. Trump’s sweepin

Read More
Goldman Urges Investors to Buy Gold and Oil as Long-Term Hedges
  • May 28, 2025

Goldman Urges Investors to Buy Gold and Oil as Long-Term Hedges

(Bloomberg) -- Goldman Sachs Group Inc. touted gold and oil as hedges against inflation in long-term portfolios, citing the appeal of bullion as a haven amid concerns over US institutional credibility and crude’s ability to protect against supply shocks.Most Read from BloombergNYC Congestion Toll Brings In $216 Million in First Four MonthsNY Wins Order Against US Funding Freeze in Congestion FightNY Congestion Pricing Is Likely to Stay Until Year End During Court CaseAnalysts including Daan Stru

Read More
Bullish bets surge on Asian currencies as US-China thaw, trade deals rattle dollar: Reuters poll
  • May 28, 2025

Bullish bets surge on Asian currencies as US-China thaw, trade deals rattle dollar: Reuters poll

Investors piled up bullish bets on Asian currencies, including the yuan, as easing U.S.-China tariff tensions, new trade deals and a growing unease with U.S. policies prompted them to pull out of dollar assets, a Reuters poll showed on Thursday. Investors sought long positions across the board, with those in the Taiwanese dollar and Philippine peso climbing to their highest since the end of 2020, according to the fortnightly poll of 10 respondents. All responses were collected before a U.S. trade court on Wednesday blocked President Donald Trump's sweeping tariffs, ruling he overstepped his authority by imposing duties on countries with trade surpluses against the United States.

Read More