Rates

Falling Bond Markets Can No Longer Be Ignored

Published by Laurent Maurel | May 23, 2025 | 4104

The gradual disappearance of structural buyers of sovereign debt - central banks, Japan, pension funds - ushers in a new era in which debt is no longer “free by design”, but must once again become desirable in a competitive universe. In this new context, physical gold is regaining its role as a s...

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Central Bank Reserves: Bitcoin vs. Gold?

Published by Julien Chevalier | Mar 12, 2025 | 15943

Over the past two decades, central bank reserves have undergone profound changes as ideologies have been renewed. De-dollarization is gradually establishing itself as a marker of the decline of the United States, while sovereign assets occupy a growing place, symbolizing the transition to a new w...

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Money: Between Violence and Peace

Published by Julien Chevalier | Mar 4, 2025 | 11881

What is the real power of money? Money is at the heart of our exchanges. Commercial exchanges, naturally, but also social and cultural ones. By linking individuals, it helps to pacify relationships, and thus plays an almost religious role. At the same time, through its creative power, it generate...

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