After the US-Iraq War, the reserve status of the US dollar will further decline.

By: keiko

The war between the United States and Iran has brought about a potentially irreversible pressure on the global trade system. For the first time in decades, gold reserves have exceeded the dollar assets held by central banks after valuation adjustments. It is still too early for the United States and Iran to declare a ceasefire, […]

The Reserve Bank of New Zealand: If inflation rises, it will act resolutely.

By: keiko

New Zealand’s central bank governor, Anna Bollard, said on Thursday that if core inflation accelerates due to the soaring fuel prices caused by the conflict in the Middle East, the country’s central bank will respond by raising interest rates. In an interview with Bloomberg Television, Breman said, “The balance of risks regarding inflation has shifted, […]

Banks are accelerating the transfer of default risks on large enterprise loans.

By: keiko

Banks are issuing a record amount of risk transfer bonds at a rapid pace, using the tool to hedge against broader loan risks, including leveraged buyouts and financing. According to data from credit investment firm Crescent Capital, lenders mainly from Europe and North America issued $41 billion in Special Resolution Tool (SRT) bonds in 2025, […]

Blackstone’s private credit fund suffered its first monthly loss in three years.

By: keiko

Blackstone Group’s flagship private credit fund suffered its first monthly loss in more than three years, a clear sign of the weakening performance in the $1.8 trillion market. According to its official website, the $83 billion BCRED fund declined by 0.4% in February, marking its first monthly drop since September 2022. The website also shows […]

The Trump administration’s new proposal: Encouraging pension institutions to invest in alternative assets such as “private credit”

By: keiko

Under a new proposal from the Trump administration, these changes could make it easier for 401(k) plans to include private credit, private equity, cryptocurrencies and real estate investments. The Department of Labor’s plan is currently seeking public comment and aims to ease the threat of class-action lawsuits that have deterred some employers from increasing alternative […]

The energy industry warns: The crisis has only just begun.

By: keiko

The largest oil supply shock in history has persisted for a month. Oil prices have soared, and global economic growth expectations have been revised downward. From Thailand to Pakistan, oil shortages have emerged across Asia. But the energy industry warns that this crisis has only just begun. Many industry executives draw parallels between this crisis […]

JPMorgan Chase plans to launch a new private credit product against the trend.

By: keiko

JPMorgan Chase plans to launch a new fund that invests in private credit, allowing investors to redeem 7.5% of the returns every quarter and potentially offering monthly withdrawal services. Currently, the $1.8 trillion private credit market is facing an unprecedented liquidity crunch. JPMorgan’s Public and Private Credit Fund (a closed-end fund) stated in its prospectus […]