Geopolitics

Norway’s $80 Billion Treasury Retreat Is the Canary In the Bond Market - TradingView

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DW NOTE

Norway's sovereign wealth fund — the world's largest at $1.9 trillion — has cut U.S. Treasury holdings by $80 billion. When the manager of petrodollar surpluses begins liquidating duration in size, it is pricing something the Fed prefers not to discuss: either the term premium has structurally repriced or dollar reserve accumulation itself is reversing. Neither possibility is compatible with $1.4 trillion deficits at suppressed yields.

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Live updates: Yen rally and rising bond yields pressure bitcoin and risk assets

Bitcoin, gold and technology stocks fall as the yen rallies, while oil prices and government bond yields climb globally.

The world’s approach to sovereign debt needs to change - Financial Times

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Chinese Oil Buying Jumps, Central Banks Add 23 Tonnes of Gold, Study Finds Elevated Toxins in Autistic Kids

Today's Digest covers China's $100 crude, $4.15 gas, central-bank gold, $14k copper, Liquid BTC hack, Army readiness, autism toxins, protein snacks, Dutch carbon-capture facility, Greenland ice gain, and Chinese robots.

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Live updates: Yen rally and rising bond yields pressure bitcoin and risk assets

The world’s approach to sovereign debt needs to change - Financial Times

Natural Gas and Oil Forecast: Gulf Supply Risks Rise as WTI and Brent Break Higher - FXEmpire

Chinese Oil Buying Jumps, Central Banks Add 23 Tonnes of Gold, Study Finds Elevated Toxins in Autistic Kids