๐ฆ $XAU REWRITES THE PLAYBOOK AS FISCAL CASH SWIMS INTO REPO ๐
๐ I-General Account ye-Treasury engu-$1T ingase iqale ukondla inqwaba yangasese ye-repo, iguqule imali engenzi lutho ibe izinqolobane zebhange ezintsha. Lokhu kungase kubhebhethekise ingcindezi yesikhashana yokuthola uxhaso, kanti i-2โ10โฏyr spread isalokhu icijile ngo-22 bps, okusikisela ukuthi i-yield curve iyathakatha iye ekuphendukeni (inversion) ngaphandle kwesixwayiso esijwayelekile sokucindezeleka komnotho. โก
๐ก Khonamanje, ama-real 10โyr yields ashaya phezulu eminyakeni engu-20 ku-2.63โฏ%, kodwa ama-gold ETFs ayakhuphuka afinyelela phezulu kwezinyanga ezingu-7, okukhombisa ushintsho ukusuka โku-rateโtradeโ kuphela kuya โku-liquidityโandโcreditโriskโ umbono. ๐ Ingabe sibona ukuzalwa kochungechunge olusha lokudlulisa umgomo (policy transmission) olungase kugcine $XAU iqinile phakathi kwamagagasi emali kahulumeni? ๐ค
โ ๏ธ Akusona iseluleko sezezimali. Hlala uphathe ubungozi bakho. ๐ก๏ธ
๐ท๏ธ #XAU #Gold #LiquidityTrade #Macro #Crypto
๐ ๐ฅ
๐ I-General Account ye-Treasury engu-$1T ingase iqale ukondla inqwaba yangasese ye-repo, iguqule imali engenzi lutho ibe izinqolobane zebhange ezintsha. Lokhu kungase kubhebhethekise ingcindezi yesikhashana yokuthola uxhaso, kanti i-2โ10โฏyr spread isalokhu icijile ngo-22 bps, okusikisela ukuthi i-yield curve iyathakatha iye ekuphendukeni (inversion) ngaphandle kwesixwayiso esijwayelekile sokucindezeleka komnotho. โก
๐ก Khonamanje, ama-real 10โyr yields ashaya phezulu eminyakeni engu-20 ku-2.63โฏ%, kodwa ama-gold ETFs ayakhuphuka afinyelela phezulu kwezinyanga ezingu-7, okukhombisa ushintsho ukusuka โku-rateโtradeโ kuphela kuya โku-liquidityโandโcreditโriskโ umbono. ๐ Ingabe sibona ukuzalwa kochungechunge olusha lokudlulisa umgomo (policy transmission) olungase kugcine $XAU iqinile phakathi kwamagagasi emali kahulumeni? ๐ค
โ ๏ธ Akusona iseluleko sezezimali. Hlala uphathe ubungozi bakho. ๐ก๏ธ
๐ท๏ธ #XAU #Gold #LiquidityTrade #Macro #Crypto
๐ ๐ฅ