AGP Executive Report
Last update: 6 hours agoRates & Risk Mood: Global bonds sagged again as investors price “higher for longer” inflation risk tied to oil. Equities slid, the US dollar firmed, and US 30-year yields pushed above 5.10% while Japan’s 30-year hit 4% for the first time. Oil Shock: Brent climbed above $109/bbl after Trump’s Xi meeting failed to move the needle on energy flows through the Strait of Hormuz—keeping supply-disruption fears front and center. NZ Crosscurrents: NZD weakened below 0.5840 as NZ yields rose. Central-Bank Cash Management: Lebanon’s BDL plans to invest $5bn of foreign reserves in US Treasury bonds, targeting about $175m a year—helpful for income, but not a fix for depositors. Sovereign/Corporate Stress: Nepal Airlines’ outstanding loans jumped to Rs 55.78bn, with regulators warning it’s nearing insolvency. Crypto Flows: Bitcoin and Ethereum ETFs saw heavy outflows as prices stalled near $82k, while the CLARITY Act advanced in the Senate Banking Committee. Housing Pressure: UK sellers face the toughest market in 15 years, with average days on market at 75.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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