米国債はどこへ行った？FXが年々むずかしくなる理由
Hello, I am Neko Keeper from Trade Idea Lab. U.S. Treasury yields are staying high around 5.0%. Ideally, with ongoing monthly FOMCs, rates should have fallen to the 3% range. At minimum, they should be at the current real interest rate of 4.25%.
This indicates that rates are intentionally not being lowered, and U.S. Treasuries are being sold off cheaply, and the question is where that money is going. Not where the flowers went, but where the Treasuries went. There are few countries, including China, that would underwrite U.S. Treasuries.
For several years now, more cryptocurrencies are moving toward becoming stablecoins. Tether, Circle, True, Binance, PayPal Coin, Ripple, and others. They will likely increase further, and they are backed in value by the U.S. dollar and U.S. Treasuries. Their issuance amounts are quickly reaching trillions of yen level, as well.
It seems inevitable that cryptocurrencies will become the main recipients of U.S. Treasuries. They have established a role as an international remittance method, and in the future we will use stablecoins through economic activity, unknowingly supporting U.S. Treasuries. Europe and China will oppose this to the end, but Russia supports President Trump’s cryptocurrency policy, and if, for example, payments from Russia to Europe for oil and natural gas are denominated in Tether, Europe cannot refuse either.
As I’ve said before, Trump is trying to nullify U.S. Treasuries with cryptocurrency, and I speculate that the cryptocurrency industry will ride on that plan to help Trump win the election, while things gradually progress.
This indicates that rates are intentionally not being lowered, and U.S. Treasuries are being sold off cheaply, and the question is where that money is going. Not where the flowers went, but where the Treasuries went. There are few countries, including China, that would underwrite U.S. Treasuries.
For several years now, more cryptocurrencies are moving toward becoming stablecoins. Tether, Circle, True, Binance, PayPal Coin, Ripple, and others. They will likely increase further, and they are backed in value by the U.S. dollar and U.S. Treasuries. Their issuance amounts are quickly reaching trillions of yen level, as well.
It seems inevitable that cryptocurrencies will become the main recipients of U.S. Treasuries. They have established a role as an international remittance method, and in the future we will use stablecoins through economic activity, unknowingly supporting U.S. Treasuries. Europe and China will oppose this to the end, but Russia supports President Trump’s cryptocurrency policy, and if, for example, payments from Russia to Europe for oil and natural gas are denominated in Tether, Europe cannot refuse either.
As I’ve said before, Trump is trying to nullify U.S. Treasuries with cryptocurrency, and I speculate that the cryptocurrency industry will ride on that plan to help Trump win the election, while things gradually progress.
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