Goldman Leads Record US Bank Borrowing in Renminbi
europeanbusinessmagazine.com
US banks led by Goldman Sachs have borrowed a record Rmb47.5bn in dim sum bonds this year as wall street goes for renminbi

cross-posted from : https://lemmy.zip/post/63263305

US banks led by Goldman Sachs have borrowed a record Rmb47.5 billion in offshore renminbi debt so far in 2026, with Goldman accounting for the majority of self-led issuance, the Financial Times reported this morning.

Deutsche Bank placed the largest single panda bond ever issued by a foreign bank in March 2026 at Rmb5.5 billion

    • stoy@lemmy.zipEnglish
      8·
      3 days ago

      I guess that with an orange lunatic in charge of the country, the USD has lost a lot of it’s value.

      You can clearly see that when Mr. Trump took office in 2025, the USD started falling rapidly.

      And despite a few smaller recovery spikes since, the overall graph is pointing down.

    • Dead_or_Alive@lemmy.worldEnglish
      5·
      3 days ago

      Trumps economic team is signaling they want the Fed and the Treasury to work together to fund US debt.

      The last time the US had this much debt was just after WW2. The US intentionally devalued the dollar to make that debt serviceable by the government. For the next 20 years we had high inflation and high wage growth to match. They did this by having the Fed buy Treasuries with dollars and increasing the money supply. This is the type of coordinated buy backs that the Republicans wants the Fed to partake in. (Personally I don’t think Trump is smart enough to dream this up, this is some Heritage Foundation bullshit to continue to fund low taxes for the rich.)

      We are in the same spot today, and to service the debt cause by tax cuts and forever wars in the Middle East they want to inflate their way out of it.

      Holding dollars or US bonds is financial suicide and the elites know it. Stocks, bullion, hard assets AND foreign currency are the only safe havens in an inflationary environment.

      The difference is in the 40’s, 50’s and 60’s the US had high wage growth to offset the inflation so the lower classes weren’t really affected by it. That environment doesn’t exist today and wage earners will feel this inflationary spiral like we did after Covid and now with the Iranian war/energy crisis.