$63,000,000,000 in US Treasuries and European Bonds To Be Liquidated As Unrealized Losses Hammer Major Bank in Japan

A banking giant in Japan has announced a plan to liquidate $63 billion in US and European treasuries in an attempt to mitigate a massive amount of unrealized losses on its balance sheet. Japan’s Norinchukin Bank, which has $681.6 billion in total assets, plans to complete the sell-off of sovereign bonds by March of next […] source: https://dailyhodl.com/2024/06/21/63000000000-in-us-treasuries-and-european-bonds-to-be-liquidated-as-unrealized-losses-hammer-major-bank-in-japan/