This is just bananas.
WSJ – Daily Shot: Arbor Research – Sovereign 10-yr Yields 7/25/19
And not on the chart…
WSJ – Daily Shot: Switzerland 10yr Government Bond Yield 7/25/19
So I suppose it shouldn’t be much of a surprise that VCs be busy putting capital to work.
WSJ – Daily Shot: statista – US Venture Capital Funding 07/25/19
As the IMF note, most $100 bills are held abroad and geopolitical uncertainty may well be driving global demand for holding plenty of “Benjamins”. (The Federal Reserve Bank of Chicago says nearly 80% of $100 bills — and more than 60% of all US bills — are overseas, up from roughly 30% in 1980.)