Japanese Investors Shift Away from U.S. Bonds Amid Rising FX Hedging Costs and Anticipated Higher Yields

by Chris Black Japanese investors have already begun adjusting investment portfolios away from U.S. bonds in light of rising FX hedging costs (https://archive.is/BGtTQ) and in anticipation of higher JGB yields (https://archive.is/8MWKR). Official sector data (https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/slt_table5.html) show a notable decline in Japanese holdings of Treasuries, a slight decline in Agency MBS, and a modest increase in …

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Threads Is Already Losing Its Allure for Users, Adding Urgency for New Features – ‘Threads’ Implosion Worsens As User Engagement Drops 70%

User engagement on Threads has continued to fall after an initial surge in sign-ups, putting pressure on parent Meta Platforms META -2.83%decrease; red down pointing triangle to roll out new features for its nascent microblogging app. https://www.wsj.com/articles/threads-user-engagement-continues-to-drop-adding-urgency-for-new-features-8ed2f384 https://archive.ph/8cO4F

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