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Bank of Japan

Foreigners held most US Treasuries 10 years ago; now a minority — Berkeley economist
15 arguments: How the Treasury propped up the yen with euros and what reserve managers heard, why a Spanish silver coin was the first global currency…
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"We're moving the 8,400 for the S&P 500": Yardeni Research on turning cautious
14 calls: Why he thinks the unwinding yen carry trade pushed global bond yields up, the $110T held by over-65 households, and the Treasury bazooka he…
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StoneX macro director: after 5 years as a bond bear, he's finally seeing value in bonds
5 calls: why he expects a "dovish hike" instead of the cuts the market spent years pricing, why he's bullish the yen after a 50% collapse, and the UK…
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Big Short investor: Bessent's "I am the house" is a tell, not a threat
5 arguments: why Japan can sell $1.2T of US Treasuries to defend the yen, what a card-counter's answer to "I am the house" is, and why central banks are…
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Mizuho strategist: a one-and-done hike takes the 10-year to 5.25% and then 5.5%
5 predictions: Why he reads Jackson Hole as a change in the Fed's model of inflation, what the savings rate has already done, and the three-to-four…
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Dan Orlando: the data-center build will not slow whether the Fed hikes 50bps or 100bps
7 calls: Why the curve steepener became the most challenged trade in rates, what tripling the Treasury's buyback program did not fix, and where the bond…
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Naomi Fink: purchasing power parity puts a dollar at about 100 yen, a long way off
4 insights: why she says a weak yen is not a barometer of Japan's health, who actually decides on intervention, and what a genuine risk-off move would…
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James McIntyre: Australia's developer collapse is a private credit problem
5 takeaways: Why floating-rate mortgages make Australia the fastest transmission of rate rises, what a 30 June valuation now misses, and why this will…
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Marketplace: the 9 biggest tech firms have nearly $3T of debt off the books
7 takeaways: Why central banks are all turning hawkish at once, how buy-now-pay-later balances cost one buyer a mortgage, and the record diesel price…
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Alberto Gallo: Andromeda is short the managers, the insurers and the data centers
9 takeaways: why he thinks hyperscalers need to double their revenue to break even, the Jenga tower private credit sits on top of, and the iceberg he…
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Adam Coons: the Bank of Japan will have to sell US Treasuries to defend the yen
6 takeaways: Why the Treasury's plan to hold down long-term yields already faded, what oil does to food prices through fertilizer, and the case for…
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Scott Bessent: the blockade will bring Iran to the table, and he is not trying to move bond yields | Squawk on the Street
The Treasury secretary on why he says the US bond market is the world's best performer, what he told Stanley Druckenmiller, the signal behind the yen…
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