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Idanna Appio spent 15 years at the Federal Reserve Bank of New York analysing the history of sovereign debt crises. Now, as a fund manager at $138 billion First Eagle Investments, she's reached a conclusion: U.S. Treasury bonds are too risky to hold.
Idanna Appio spent 15 years at the Federal Reserve Bank of New York analysing the history of sovereign debt crises. Now, as a fund manager at $138 billion First Eagle Investments, she's reached a conclusion: U.S. Treasury bonds are too risky to hold.
Idanna Appio spent 15 years at the Federal Reserve Bank of New York analyzing the history of sovereign debt crises. Now, as a fund manager at the $138 billion First
The yen advanced more than 3% and hit ¥153.04 per dollar as more than $4 billion of yen-related futures were exchanged.
The yen weakened Thursday following another surge against the dollar that fuelled speculation Japanese authorities had intervened for a second time this week, after Federal Reserve boss Jerome Powell warned interest rates would stay higher for longer.