US government debt surge by $275 billion in one day
Just two weeks ago, the national debt exceeded the $33 trillion mark. Now it is already at $33.44 trillion! Thus, the government debt growth is now outpacing the economic growth.…
US Treasury bond yields have crossed the 5% threshold
The 30-year US Treasury bond yield hit 5% today for the first time since 2007. The yield on 10-year Treasuries may also reach the key threshold of 5% in the…
US Treasuries dumped again
China has again reduced its holdings of US Treasuries to $822 billion, the lowest since 2009. Beijing has sold $300 billion worth of Treasuries since 2021, with the pace of…
Dutch shipbuilder sues government over sanction losses
The Netherlands’ largest shipbuilding company has sued the Dutch government for losses caused to its business by sanctions against Russia. The company’s representative, Rick van de Weg, told Bloomberg that…
Russia’s PMI outperforms the world
Following the release of S&P Global’s PMI data for September, J.P.Morgan put together their own report summarizing some of the results. Thus, it turned out that the Russian manufacturing sector…
Blockchain-based SIM to be launched in Hong Kong
China Telecom, China’s third largest mobile operator with 390 million users, will launch a blockchain-based SIM card. Users will be able to transfer assets and messages between different networks using…