Japan's Norinchukin Bank plans to sell $63 billion of U.S. and European bonds to stem losses from wrong-way bets on interest rates. The bank will diversify its investment portfolio and aims to liquidate the holdings by March 2025, as it faces significant unrealized losses.
Japan's Norinchukin Bank announced to sell 63 billion U.S. dollars in overseas bonds, primarily U.S. and European government bonds, to mitigate risks associated with holding low-yield bonds amidst high interest rates in the United States and Europe https://t.co/dE3c7trodO https://t.co/gViNeCHMiT
The Music Just Stopped: Japan Banking Giant Norinchukin To Liquidate $63 Billion In Treasuries & European Bonds To Plug Massive Unrealized Losses "Massive sales by Norinchukin could have a sizable effect on the U.S. bond market." Janet ‘Magic Mushrooms’ Yellen is already… https://t.co/LWblzdRgY8
Major loss at Japanese bank, one of the biggest lenders to farms, fisheries, and agricultural cooperatives Norinchukin Bank's chief executive officer said its expected losses may still change after the firm earlier this week warned they may swell to 1.5 trillion yen ($9.5…
Norinchukin Bank (one of Japan's largest banks) moving out of US/Euro bonds and expanding Japanese Government Bond exposure is the perfect example of doubling down and mismanagement. More in tomorrow's note.
Japan's Norinchukin Bank to sell $63bn in U.S. and European bonds 👀 Bank's fiscal 2024 loss expected to reach record-high $9.5bn https://t.co/J82sPhtIiK https://t.co/FOwowUqUkV
🔵 BANK OF JAPAN WARNS OF POTENTIAL HIT TO LENDERS FROM RISING RATES Japanese financial institutions' profitability has decreased significantly in the past 25 years, making them vulnerable to potential losses from any sharp rises in interest rates, the central bank said on… https://t.co/AcfX7mKCx5
#Norinchukin Bank to Liquidate $63 Billion in Treasuries and European Bonds: What It Means for the Market https://t.co/yDQ9GbU2lY
For years, it was best known as Japan’s CLO whale. Now Norinchukin Bank, a $357 billion investing giant, has become one of the biggest casualties of higher-for-longer borrowing costs. https://t.co/AB2zPCBCy2
Norinchukin, Japan's 5th largest bank with $840 billion in assets today announced they "will sell more than 10 trillion yen ($63 billion) of its holdings of U.S. and European government bonds during the year ending March 2025 as it aims to stem its losses from bets on low-yield…
THE MUSIC JUST STOPPED: Japan Banking Giant Norinchukin to Liquidate $63 Billion in Treasuries and European Bonds to Plug Massive Unrealized Losses "Après nous, le déluge." https://t.co/P7QZfNeVjJ https://t.co/6PUusJHxaQ
Japan's Norinchukin Bank will sell more than 10 trillion yen ($63 billion) of its holdings of U.S. and European government bonds during the year ending March 2025. https://t.co/XnV9cuRkt6
The Music Just Stopped: Japan Banking Giant Norinchukin To Liquidate $63 Billion In Treasuries & European Bonds To Plug Massive Unrealized Losses https://t.co/YgP9cidw0t
Japan’s biggest agricultural bank Norinchukin will diversify its investment portfolio after selling roughly $63 billion in US and European sovereign bonds https://t.co/TSWNMNT3b5
Japan's Norinchukin Bank to sell $63bn of U.S. and European bonds https://t.co/WgTu2s5zX1
BREAKING NEWS JAPANESE NORINCHUKIN BANK PLANS TO SELL ROUGHLY $63 BILLION IN US AND EUROPEAN SOVEREIGN BONDS TO STEM LOSSES FROM WRONG-WAY BETS ON INTEREST RATES Japan. Here we go…