Geopolitics

Top sovereign wealth fund may dump $80 billion in Treasury bonds — and load up on riskier U.S. debt - fortune.com

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DW NOTE

Norway's Government Pension Fund — the world's largest sovereign wealth fund — is reportedly considering a shift out of Treasuries and into U.S. corporate debt. This would mark the second time in eighteen months that a major sovereign holder has signaled retreat from U.S. government paper while the federal deficit runs $1.4 trillion through June and the Fed debates whether to hike into 40 bp of curve steepness. The Treasury market doesn't have a demand problem yet, but it's collecting reasons to develop one.

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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