Bessent: The Fed's FIMA Tool Is Ideal for Stabilizing the Yen

US Treasury Secretary Scott Bessent stated that the Federal Reserve's Foreign and International Monetary Authorities (FIMA) repo facility is "exactly designed for this situation," referring to its use in supporting the stabilization of the Japanese yen exchange rate. Bessent noted that Japan is actively working to curb the undervaluation of the yen.

Current Yen Pricing May Be Flawed, But Deviation from Fair Value Could Last for Years

Negative oil prices, 30-year US dollar OIS rates below 0.50%, and GameStop stock prices exceeding $100. At times, you look at the screen and can confidently declare, "This price is wrong." Of course, whether such confident judgments are correct can only be known in hindsight. Human nature makes it easier to remember accurate predictions while forgetting the mistakes.

JPMorgan Asset Management: Avoid Japanese Government Bonds, Bank of Japan Is "Too Slow" on Rate Hikes

JPMorgan Asset Management said that underweighting or avoiding Japanese government bonds relative to global bond benchmarks can enhance excess returns.

Philadelphia Fed President Patrick Harker said he will maintain an "open mind" on the future path of interest rates, focusing closely on core inflation trends.

BlackRock: US Treasury Yields Will Still Rise Even If the Fed Holds Steady

The BlackRock Investment Institute believes the Federal Reserve is unlikely to raise interest rates, but this will have limited effect in curbing the rise in long-term US Treasury yields.

Pimco: The Oil Market Is "Absolutely" in a Supply Shortage

Pimco stated that as the Middle East conflict continues to disrupt oil exports from the region, the global oil market is "absolutely" in a state of supply shortage.

Source: Sina Finance