
Japan's Ministry of Finance is weighing changes to its liquidity‑enhancement auction framework for government bonds, aiming to ease supply pressure on the super‑long end of the curve. From April, the mid‑term bucket could be narrowed from a 5‑15.5‑year range to 5‑11 years, while the long‑term bucket would cover 11‑under 39 years. The adjustment is intended to better match bond supply with investor demand, reduce upward pressure on yields, and restore confidence in the JGB market.

Turtle Soup · Sweep High = Short · Sweep Low = Long Wait for the fakeout, then enter opposite.

Pakistan’s military responded to a spate of cross‑border attacks by launching airstrikes in Afghanistan’s Nangarhar and Paktika provinces, claiming to hit TTP sanctuaries and killing dozens of militants. Kabul rejected the narrative, saying the strikes hit a religious school and...

The Federal Reserve’s latest household‑debt report shows U.S. credit‑card balances surged to a record $1.28 trillion in Q4 2025, up $44 billion from the prior quarter. This rise tightens the financial picture for first‑time homebuyers, who already face limited savings and tighter credit...

The Swiss franc is consolidating its role as the premier safe‑haven currency, with EUR/CHF breaking below the 0.92 support level early this year. Analysts from RBC, Morgan Stanley and Credit Agricole argue that ongoing geopolitical tensions and weak economic data...

China’s state‑owned COMAC is exporting its C909 and C919 aircraft alongside tailored financing, leasing and equity deals, turning planes into long‑term financial levers. The most visible case is Laos, where COMAC holds a 49% stake in Lao Airlines after a lease‑to‑equity...
The U.S. plans to retire ~11 GW of power plants in 2026, mostly coal & aging gas Don’t count on it. Power demand is surging faster than new generation can be brought into the grid. Renewables aren't fit for purpose except at the...

The most worrying stat of the month: Pending Home Sales falls to lowest level lowest level ever recorded.
Kaspersky Lab faces a cascade of Western sanctions that have crippled its European and U.S. operations. Germany’s BSI warning has slashed German sales by roughly 80%, while the U.S. Treasury and Commerce departments have barred Kaspersky products and placed senior...
FPA Short Duration Government ETF posted a 1.05% return in Q4 2025 and a 6.84% gain for the full year. The performance was driven by Treasury interest income and price appreciation as yields fell across the curve. The fund kept its...

Blue Planet Environmental Solutions, a Singapore‑based leader in sustainable waste management, announced the formation of Blue Planet Environmental Services L.L.C. in Dubai. The new UAE entity will deliver integrated circular‑economy solutions—including organic waste recovery, recycling, landfill mining, and industrial services—across...
Thailand’s labour productivity has stalled, averaging just 2.1% growth from 2015 to 2023, down from 3.7% in the 1990s‑2010 period. OECD product‑market regulation (PMR) scores rank the country among the most restrictive economies, with a 2.4 rating – the fourth...
Five and a half years after the Abraham Accords, U.S. and Israeli officials argue that regional integration remains viable despite the Gaza war and a Saudi‑UAE rift. The article stresses that advancing phase two of Trump’s Gaza reconstruction plan—contingent on...

Perth’s north‑west corridor, from Scarborough to Yanchep, is experiencing a property boom driven by beach lifestyle, new transport links and master‑planned estates. Over 94,000 residents have moved into the area since 2014, and the median house price reached $975,000 in...
HMC Capital’s Energy Transition Fund, after buying Neoen’s Victorian renewable assets and battery developer Stor‑Energy, secured a KKR commitment of up to $603 million, falling short of its $1 billion target and prompting a 16% share decline. CEO David Di Pilla defended the...

Scentre Group, operator of 42 Westfield malls in Australia and New Zealand, reported its fifth year of consecutive growth in 2025. Customer visits rose 2.7% to 540 million, occupancy reached 99.8%, and business partner sales hit $30 billion. Funds from operations increased 4.9%...
Treating taxes as a one time event is a middle class move. It’s why you overpay in taxes every year. It’s a year round game for the wealthy.
Apple announced it will begin assembling a portion of its Mac Mini desktop computers at Foxconn’s new plant in north Houston later this year, while maintaining Asian production lines. The move aligns with the company’s broader $600 billion U.S. investment commitment...

Proctor & Gamble higher by another 2% today- Staples stocks like $PG continue to make upward progress, while Retail & Casinos underperforming within Discretionary @IBDinvestors @marketsurge https://t.co/XW54gpjWXm In tonights note, i discuss why Discretionary still could lag Staples for...

The on‑shore yuan surged to a 2½‑year high as USD/CNY slipped below 6.90, reaching 6.8954. The People’s Bank of China posted a slightly firmer daily midpoint of 6.9414 and reduced the usual damping in the fixing process. This narrower gap...

Visa announced the acquisition of Argentina’s Prisma Medios de Pago and the fintech platform Newpay, marking a strategic push into Latin America’s payments ecosystem. The combined deal, valued at over $200 million, will be funded largely with cash. By integrating Prisma’s...

Trump's 10% global tariff was formalized in a proclamation from Friday and goes into effect at midnight tonight. He later said he would raise it to 15% but with three hours to go, is yet to do anything formal to...

A strong credit score remains the linchpin for securing a home loan, especially as interest rates climb and property price growth slows. Lenders assess borrowers through the five C's—character, capacity, capital, collateral and conditions—using the credit report as a proxy...
Vanguard literally has the worst Ul and app. Charts aren’t real time. Absolutely terrible. But that's by design. They want you to prevent you from trading too much, making FOMO decisions or even logging in. Set up automatic buys and just don't...

Donald Trump’s tenure produced headline‑grabbing pro‑Israel actions, including the Abraham Accords, the Jerusalem embassy move, and the killing of Qasem Soleimani, which were celebrated as diplomatic victories. Yet the article argues that his maximalist, transaction‑focused style has created strategic liabilities for...
Union Commerce Minister Piyush Goyal held a virtual meeting with Canada’s International Trade Minister Maninder Sidhu to revive the stalled India‑Canada Comprehensive Economic Partnership Agreement (CEPA). The dialogue coincides with Canadian Prime Minister Mark Carney’s upcoming visit to India and...

The People’s Bank of China set today’s USD/CNY reference rate at 6.9414, slightly above the 6.9249 market estimate. The central bank maintains a +/-2% trading band around this midpoint, allowing modest yuan fluctuations. In parallel, the PBOC injected 526 billion yuan...

Over the past few decades, this has largely played out along the lines of the states' predominant political ideologies, but I wonder how long this trend can continue. At some point, do states raising their taxes see enough of an...

China’s central bank, the People’s Bank of China, announced that both the 1‑year and 5‑year Loan Prime Rates (LPR) remain unchanged for the ninth consecutive month. The 1‑year LPR held at 3.45% while the 5‑year LPR stayed at 4.20%, reflecting...
Bangladesh’s food‑grain imports surged 42 percent in the first half of the 2025‑26 marketing year, reaching 4.2 million tonnes, driven primarily by a sharp rise in wheat purchases. Private‑sector wheat imports jumped 31 percent while government imports fell, and rice imports exploded 380 percent,...

The Palantir bubble popped. The company’s valuation has nearly been cut in half, leaving it at a significant discount compared to last year. Is it a buy?
Tech is getting hammered on AI worries, but is this really just another opportunity to buy solid companies when they are cheap? We think so. https://t.co/YjUXwZUJx9

The author’s long‑standing bullish thesis on copper is now materialising, with the base metal entering a sustained up‑trend that also benefits silver. Recent market data shows copper prices accelerating as renewable‑energy projects, electric‑vehicle production, and infrastructure spending drive demand. At...
A little more complicated -- China consistently buys more fx when the CNY is appreciating (whether for structural or cyclical reasons). Exports start converting, and controlling the pace of appreciation takes intervention. Subtle point, but clear in the data
The software industry's payroll has been flat since ChatGPT launched. The AI productivity boom may be eliminating the workers who created it first. 🔒 Members-Only https://t.co/xRx5vLZILo
I've been a bit quiet on here for a while. I'm still busy over at @smartkarma. Over the weekend I published two pieces on TICO (Toyota Industries Co (6201 JP)) which is currently undergoing a Tender Offer by Toyota Asset...
Bloomberg is still arguing “oil glut” & saying the correlation between geopolitics in the Middle East & oil prices is "broken" How can @bbgoriginals be 6 months behind the curve & still be in the news business? #Oil #EnergyMarkets #Geopolitics #Commodities...
The shadow oil fleet isn’t gone — it’s under stress Seizures raise costs & strand barrels, but doing more against Russian & Iranian flows means higher oil prices & inflation https://t.co/P5EDN7PrRY #Oil #Sanctions #EnergySecurity #Russia #Iran #Geopolitics
The probability weighted average of both @jasonfurman and the survey average is 2.3%*, i.e. solid breakout. That's bullish; CBO is at 1.8%. *(Assumes 5% for the >4% phase transition scenario. I figure probabilities of higher figures quickly fall to...
Throwback to when the iBuyer model was going to take over the real estate market.

Japan’s big bet on the U.S. housing market got even bigger today Japanese builders are rapidly acquiring U.S. homebuilders—now Daiwa House is buying United Homes That's just 10 days after Japan-based Sumitomo Forestry said it's buying Tri Point Homes https://t.co/UnPOshRdS1
You can follow price and not have an opinion. It’s pretty neat and freeing. Highly Recommend.

Section 122 tariffs now being collected at 10%, not Trump's weekend 15%. Clearly, a well-oiled tariff machine here. 🤷🤷 https://t.co/5MjbcrZuXD https://t.co/jb72H2AZQ8

The Fam was flat in the Long Only and +17bps in the Long/Short Book today We like days like this. Save and make money when the consensus crowd is losing theirs https://t.co/QFJjbKycEg

Me, in the Financial Times -- On the surge in China's intervention, and the impossibility of diversifying away from dollar assets/ Treasuries when the state banks are buying $100b a month in FX 1/ https://t.co/Pc78czuld9
💫Historic Rotation From Growth-To-Value 💫The HALO Effect 💫THINGS OVER PAPER Continues 💫The Best Analyst You’ve Never Heard Of ;-) Open to all 😘 https://t.co/ktb2nCSe5S
Interesting on many levels. Bessent is much more of a trader (and yet also much more political) than most Treasury secretaries ... https://t.co/7m06uOU5eQ

Ya find this Bullish? 30-min chart. The white dotted line is the 10-day ma. Red is the 5-day. Yellow is the 21-day. https://t.co/KzTUlYzfXp
The market continues to hold up in a range but under the surface, day after day, we see prior leaders implode. Not all of them, but it keeps on raining the losers. If it keeps on raining, the levee's gonna break.. https://t.co/pg576VMyL8
Truth: “If spreads keep widening and banks keep lagging, this is more than a one day shakeout. If they stabilize, this was the market resetting positioning and rotating and not the start of a whole new regime.”