USSTOCK.TODAY
Pre-Market
Log in Sign up

Sovereign wealth funds eye non-dollar bond markets amid rising funding costs

Reuters ·

  1. 1Sovereign wealth funds are seeking funds in currencies other than the US dollar as bond issuance costs rise due to intensifying competition for capital.
  2. 2As of this month, global sovereign wealth fund assets total approximately 16.5 trillion dollars.
  3. 3The average increase in benchmark 10-year government bond yields across the world's top 10 advanced economies has been 81bp this year.

So what's the key point?

Sovereign wealth funds are raising money in currencies other than the US dollar because the cost of borrowing has gone up. Global sovereign wealth fund assets are 16.5 trillion dollars.

Source Reuters · View original ↗

Related 3-line summaries

SK hynix overtakes Broadcom in revenue, widening the gap The Motley Fool +1 · 1h agoSouth32 shareholders to vote on $8 billion aluminum asset sale to Alcoa Proactive +1 · 1h agoRocket Lab shares fall on Neutron launch delay and Iridium acquisition push Stocktwits +1 · 1h ago
Today's 5 AI picks, all free
Nothing hidden: past picks and how they did against the S&P 500.
See today's picks →
← Back to news