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International efforts, such as the Paris Agreement, aim to reduce greenhouse gas emissions. But experts say countries aren’t doing enough to limit dangerous global warming.
Someone bought a lot of US corporate debt in June
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That at least is obvious from the TIC data.
Moreover, the surge in buying did not come from Japan. China's purchases of corporate debt were up in June, but not by anywhere near enough. Most of the surge in demand came from investors in Europe, and specifically from investors in the UK -- which doesn't settle anything. Since the UK runs a current account deficit, in aggregate, the "City" is not investing UK savings in the US corporate debt market.
More later.
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