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Institution: Historic Sell-Off of US Bonds and Dollar, Funds Flowing into Other Safe-Haven Markets
Summary: In a report by Bloomberg, Marija Veitmane, a strategist at State Street Global Markets, pointed out that institutional investors increased their portfolio risk exposure in June while significantly reducing their holdings of US bonds and dollar assets. This is particularly noteworthy as investors' positions in these two asset classes were at their lowest levels in ...
In a report by Bloomberg, Marija Veitmane, a strategist at State Street Global Markets, pointed out that institutional investors increased their portfolio risk exposure in June while significantly reducing their holdings of US bonds and dollar assets. This is particularly noteworthy as investors' positions in these two asset classes were at their lowest levels in years. She also mentioned that investors continue to question the traditional safe-haven status of these two assets. Whether it's the sell-off in US stocks in the first quarter, escalating concerns over fiscal sustainability in the second quarter, or the recent outbreak of conflict in the Middle East, none have sparked a buying frenzy for the US dollar or bonds. This trend of selling US bonds contrasts sharply with the increased holdings of Japanese and European bonds.
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Link: Institution: Historic Sell-Off of US Bonds and Dollar, Funds Flowing into Other Safe-Haven Markets [Copy]