Lates News

Marija Veitmane, strategist at Daofu Global Market, points out that the custody database shows institutional investors increased their portfolio risk exposure in June while significantly reducing their holdings of US bonds and US dollar assets. This is particularly noteworthy because investors' positions in these two types of assets were at their lowest levels in years. She also mentioned that investors continue to question the traditional safe-haven status of these two assets. The selling of US bonds did not trigger a buying frenzy in the US dollar or US bonds, despite the sell-off in US stocks in the first quarter, increasing concerns about fiscal sustainability in the second quarter, and recent conflicts in the Middle East. This trend of selling US bonds contrasts sharply with the increased holdings of Japanese and European bonds.