Foreign investors still buying UST bonds
Derek Halpenny, Head of Research Global Markets EMEA & International Securities talks to Jack Greenslade in FX Sales about the move in financial markets this week following the US-China trade war de-escalation announced on Monday. Derek explains why the dollar gain petered out quickly but also highlights the huge buying of UST bonds by private foreign investors. So even though foreign central banks might be selling, the buying by private investors easily offsets that. Derek and Jack also discuss the USD/Asia moves and how investors’ behaviours in regard to hedging USD exposures may be changing.
