HSBC Report: Treasuries Still a Haven

In a January note, HSBC Holdings PLC analysts wrote that short-dated U.S. Treasuries proved the most resilient asset in times of market turmoil, as evidenced by a study involving 10 million simulations. This according to an article in Bloomberg. The Japanese yen came in second, “while gold got the bronze medal,” the note said. According to the bank report, recent bouts of market volatility have “tested longstanding assumptions about haven assets.” But while the gradual… Read More

The Largest Buyer of U.S. Treasurys Might Surprise You

According to a report in the WSJ, the largest buyer of U.S. Treasurys has been a “little-known New York hedge fund run by a former Yale University math whiz“. Element Capital Management, run by Jeffrey Talpins, has been the biggest purchaser of U.S. Treasury debt over the past 10 months. The firm, which looks to “exploit small inefficiencies in the world’s most liquid securities”, has raised some questions because its cumulative purchases of Treasurys looks… Read More