AMERICA STILL RULES BILLIONAIREVILLE—BUT LOOK WHO’S CLOSING IN...
The US has 902 billionaires in 2025, holding the crown as the planet’s top luxury zip code for the super-rich. But China (yes, including Hong Kong and Macau) isn’t exactly playing small—it’s up to 516 and catching up fast. India’s creeping in with 205, while the rest of the billionaire club is scattered across Europe, Russia, and a few surprise players like Brazil and Canada, each with 56. Moral of the story? The money’s global—but it mostly speaks English and Mandarin. Source: Statista thru Mario Nawfal
From the behavior of a Developed Market to that of an Emerging Market in just one week?
Witnessing such a rare disconnect between the USD index (dark line) and US Treasury yields (blue line) is truly intriguing. Source: Andreas Steno Larsen
The US bond market just delivered a vote of no confidence in Trump.
The yield curve is steepening sharply, w/2s/10s yield spread rising to 109bps — the widest gap since 2020. Source: Bloomberg, HolgerZ
Breaking news: China’s finance ministry said the increase from current additional levels of 84% would take effect from April 12.
Xi Jinping breaks silence, says Trump is bullying Europe and the entire world “There are no winners in tariff wars. Going against peace means isolating yourself,” Xi said during a meeting in Beijing with Spanish PM Pedro Sánchez — one of the hardest-hit in this trade war. The Chinese leader urged the EU to unite with Beijing against the U.S. president’s “unilateral intimidation.” Source: FT
The Euro is now the strongest vs the dollar going back to 2023, with some of the most violent moves we've seen over the past decade.
Source: Bloomberg, Lisa Abramowicz
Breaking news: China’s finance ministry said the increase from current additional levels of 84% would take effect from April 12.
Xi Jinping breaks silence, says Trump is bullying Europe and the entire world “There are no winners in tariff wars. Going against peace means isolating yourself,” Xi said during a meeting in Beijing with Spanish PM Pedro Sánchez — one of the hardest-hit in this trade war. The Chinese leader urged the EU to unite with Beijing against the U.S. president’s “unilateral intimidation.” Source: FT
Global Gold Trade Leaders in 2024
In 2024, Switzerland ($116 billion), the United Kingdom ($66 billion), Hong Kong ($57 billion), and the United Arab Emirates ($53 billion) emerged as the world’s top gold exporters. These same economies also featured prominently among the top gold importers: Switzerland ($105 billion), the UK ($77 billion), Hong Kong ($65 billion), and the UAE ($77 billion). Meanwhile, China ($103 billion) and India ($52 billion) ranked as major gold importers but exported far less—$90 billion for China and $1 billion for India—making them the world’s largest net gold importers. Source: Econovis @econovisuals
BREAKING: US 10Y Treasury yield rises to 4.48%, the largest single weekly increase since 2001.
U.S. 30-year treasury yields rise to 4.95%, weekly increase is biggest since 1982. Source: unusual_whales
