US 10 year bond yield has been coming down & may have peaked for now.
Not sure what a move to Yuan reserve currency would do to US markets. US Fed would keep printing dollars to prop up US economy even if they weren't reserve currency. The global markets would most likely follow China if they were to become reserve currency in leau of following US markets.
Israel has started to reduce US dollar holdings. They are buying Yuan for first time ever & also buying $7B Australian dollars equating to 3.5% of their $200B total holdings. And $7B Canadian dollars as well as Japanese Yen. Israel held only euros, British pounds & US dollars before.
https://www.jpost.com/business-and-innovation/banking-and-finance/article-704813
US 10 year bond yield has been coming down & may have peaked for...
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