MAJOR Bank Makes Announcement to Sell Billions in Treasuries
A Japanese bank giant announced it was going to begin selling tens of BILLIONS in USTs and other European government bonds knowing full well the institution is going to take huge losses on the sales. Is this the start of another bank run? Will this kill the Treasury market?
Eurodollar University’s Money & Macro Analysis
About Norinchukin Bank
https://www.nochubank.or.jp/en/about/
Norinchukin Financial Summary Fiscal Year 2023
https://www.nochubank.or.jp/en/ir/results/pdf/cap_results2023_04_02.pdf
Bloomberg Echoes of 2009 Crisis Thrust Japanese Bank Norinchukin Back Into Spotlight
https://www.bloomberg.com/news/articles/2024-05-21/japan-s-bank-for-farmers-and-fishermen-returns-to-spotlight-for-overseas-losses
Bloomberg Norinchukin Bank to Sell $63 Billion of Sovereign Bonds
https://www.bloomberg.com/news/articles/2024-06-18/norinchukin-bank-to-sell-63-billion-of-bonds-to-stem-losses
Bloomberg A $1.3 Trillion Fund Pool for Junk-Rated US Firms Has Unlikely Lifeline: Japan’s Banks
https://www.bloomberg.com/news/articles/2023-04-20/the-1-3-trillion-clo-market-grows-more-dependent-on-japan-banks
FRBNY Standing Repo Facility Approved Counterparties
https://www.newyorkfed.org/markets/srflist-231201
CBO Budget Update June 2024
https://www.cbo.gov/system/files/2024-06/60039-Outlook-2024.pdf
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31 Comments
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BRICS is to blame. Putin and Xi have formed their own currency that gathering momentum.. the US dollar is suffering due to this and many other geopolitical factors. We are on the verge of an absolutely massive war or crash in economy, in my honest opinion
I'm confused. Why can't Japanese Banks borrow dollars for cheap from the euro dollar system including Japanese Banks as lenders and by treasuries that are yielding 5% ? Why do they have to go to the currency Forex markets?
thats some Bail in coming for the poor Japanese farmers…the great financial collapse was always going to start in Japan…..but this is the earth quake that starts the Tsunami, and by the time it reaches the shores of the US the wall of money will be bigger and travelling faster than anybody anywhere could imagine….63 billion is a fraction of what will be in the fire sale thats coming as the contagion spreads
Japan is a ticking time bomb with debt beyond your wildest imagination. Not sure why – they have great products and quality to boot. I smell a snake slithering about that has the colors red white and blue. They need to detach and live their own life.
This is like the cryptocurrency. You get out before you lose everything.
The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?
"Inttrestrates are fundamental"
What does that mean?!?
Only lies here?
Government bonds are worthless now
Owning "The Physical", yes, call IT "wrapped" electronic representations of in this case BONDS, IS safety.
Remember, almost EXACTLY 50 years ago there were WAY too many Federal Issuers of Federal Securities.
{This was exposure!} to "INFLUENCES" that were "exploitable".
And, yes, there were problems that a certain California Rep. in Washington, who took US$M150 from Sammy Bankman-Fried.
Nonetheless, to CURRENT TIMES NOW…
ALL forms of INFLUENCE are in place for "a new way".
1). Removing Influences
2) Dictating "Terms".
E-Trading is SECURITY.
VAULTING, through Trading…Futures/Options, Currency, Physicals–Precious Metals, homogenizes assets and DE-LEVERAGING Dependant foreign businesses was an influence! (who, when, where, what, assets backed by U S. Securities, and THEFT. and Forgery and Fake Paper created a mess of "unattainable proportions". (Citation from Several U.S.Govrn't Sources, Wall Street Journal. Circa 1980's)
Actually, in closing here, the "sale-to-issurer" is INCREDIBLY HEALTHY.
BUD! streamlining Govn't record keeping and amts. will save BILLIONS of BUCKS.
{i'm going to accept you know all I wrote here. But, you readership may not. Look–i have waited for e-holdings and Cryptographic commerce (coins, etc. FOR 60 YEARS!!!!!!!)
60 FREAKING YEARS!
Japan made the most Sovereign BEAUTIFUL move. The 1960s & 1970s are over!!!!!!!
Japan has earned its place in the coolness of shade.
Let us praise the Sovereign Nation for its STRENGTH…and the legitimacy of Sovereign Directions.
ltr.
DAMN! It cause people aren’t paying their credit cards
I'm wondering if this wasn't actually a good thing to do at this point. Given the treasuries were denominated most likely in US $ and the Yen to $ ration is way down – their losses may not have been as bad converting the $ back to Yen as say a US bank would see if they sold their bonds.
Simple strategy, sell treasuries (cash out) and then buy gold with that money (gold is real money). Back to reality.
The con is up. The last bond sale was ugly. USA had to buy most of its own junk. No out of town buyers. Countries now running to join brics to get away from this shitshow.
BUY KENDU INU IF YOU WANT TO GET RICH THIS BULLRUN
Oh fuck. The more countries that start selling United States assets and securities, the higher the risk that the American Empire collapses completely.
The US federal reserve is actually a group of PRIVATE BANKS thus making the $34 trillion dollar debt a PRIVATELY OWNED DEBT ITS NOT FEDERAL DEBT
o, no! spmething just hqppened. and let me guess… it shanges everything…..aga8lin….every year….multiple times….😅😅😅😅😅😂😂😂😂
Why the need to go into riskier assets. If they bought these USTs when rates were abominable, why not roll into current USTs at a better rate. Yeah they book a loss, but whatever they get on the shorter-term USTs would dwarf what JGBs are paying.
Of course not sure why they bought 1 trillion in treasuries with all the washington spending and bad foriegn policy
The Whole World is quietly selling the US Bond since whoever is holding onto it will be left with a bundle of low grade toilet paper. No one wants to be left with nothing. Best to go back to the Gold Standard.
Wouldn’t that have been the same as just holding USD ?
Didn’t the yen lose value?
How are they still losing if they sell now?
I think it’s something deeper.
Japan is cutting loses. Their on shaky ground with the rest of the world
Saudi dropped the dollar for oil exchange we are cooked 😂
Japan is having a FIRE SALES after (1) China 1st Quarter 2024 sold $54 Billion US Bonds, (2) European Bank follow suit, (3) now Saudi cancel the Petrodollar $$ of 70 years and soon OPEC will follow suit. Again, Japan is late to the party.
$hit hitting the fan. Better Buy Bitcoin.
Yellen visit to China PRC in May 2024, started the run of the US Dollar $$$… It was overall China's reply to Yellen speech.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Elizabeth Wesley.
When all else fails, they'll take YOU to war. War is a RESET, and it's a RACKET.
I bet there is going to be a war for regime change in Arabia.