By Marc Chandler (originally published at Marc to Market) The US Treasury International Capital report for the month of November 2017 was released yesterday. It showed that the two largest foreign holders of US Treasuries, China and Japan, were net sellers. China sold about $12.6 bln and Japan sold about $9 bln of US Treasuries. Foreign investors sold $6.4 bln of Treasuries, meaning that...
Read More »Italian Election–Two Months and Counting
By Marc Chandler (originally published at Marc to Market) Germany does not have a government, though the election was more than three months ago. Spain, Portugal, and Ireland have minority government. Austria is the first government since the financial crisis to include the populist right. The EU is trying to press Visegrad group of central European countries to conform to the values of...
Read More »Swiss National Bank: Composition of Reserves and Investment Strategy
We regularly publish the SNB asset structure by currency, rating & duration. They shall be a template for the tactical asset allocation along these dimensions for other conservative asset managers - CHF holdings certainly excluded because the SNB nearly exclusively buys foreign assets.
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