JPMorgan swaps cash for Treasuries

Buyers are snapping up Venezuela’s defaulted debt, JPMorgan Chase has withdrawn nearly $350bn in money from its account on the Federal Reserve since 2023, and the US unemployment price rose to its highest stage in additional than 4 years. Plus, international asset managers’ money holdings have fallen to a file low in an indication of buyers’ bullishness concerning the AI-fuelled inventory market rally. Talked about on this podcast:Buyers pile into Venezuelan debt in regime change betJPMorgan pulls $350bn from Federal Reserve to purchase up TreasuriesBullish buyers pile into shares as money ranges sink to file lowUS unemployment price hits four-year excessive of 4.6percentFifa affords cheaper World Cup tickets in response to outcryNote: The FT doesn’t use generative AI to voice its podcasts As we speak’s FT Information Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our present was combined by Kelly Garry. Further assist from Gavin Kallmann. The FT’s appearing co-head of audio is Topher Forhecz. The present’s theme music is by Metaphor Music.Learn a transcript of this episode on FT.comView our accessibility information.