Business

Since the common currency's inception in 1999, the EUR-hedged yield 'offered' to European investors from investing in US Treasuries has never been worse...

As Bloomberg notes, for European investors using swaps to protect against currency swings, the benchmark 10-year U.S. yield fell Friday on a euro-hedged basis to around -60bps.

In other words, it costs European investors 60bps per year to 'own' 10Y Treasuries on a EUR-hedged basis.

Uranium is in high demand, as it is used as fuel in nuclear power plants around the world. Statista's Dyfed Loesche notes that according to the German Institute for Geosciences and Natural Resources BGR, Kazakhstan is the biggest producer of the radioactive metal. The central Asian country produced around 24,600 metric tons of the substance in 2016. This is a share of close to 40 percent of the worldwide production.

You will find more statistics at Statista

Authored by Eugene Etsebeth via CoinDesk.com,

Behind closed doors, G7 central banks are sluggish traders that buy and sell the same foreign currencies, marketable securities, special drawing rights (SDR) and gold day in and day out.

Central bank traders follow the investment policy enforced by the executive committees with specific asset allocation targets. In order of importance, the objective for foreign reserves trading generally is liquidity, security and returns (in last place).

Authored by Lance Roberts via RealInvestmentAdvice.com,

Review & Update

In last week’s “Technically Speaking” post I discussed the S&P 500 hitting 2700 by Christmas. To wit:

“As stated in the title, the current push higher puts 2700 in sight by the time Santa fills the ‘stockings hung by the chimney with care.’

 

Japan’s GPIF is the elephant in the room when it comes to investing with about $1.4 trillion of pension assets under the management. In October 2014, the fund announced a dramatic shift in its asset mix, cutting its holdings in domestic bonds to 35% from 60%, increasing international bonds from 11% to 15%, increasing domestic stocks from 12% to 25%, same for international stocks and removing its 5% allocation to short-term debt.