A Japanese bank giant announced it was going to begin selling tens of BILLIONS in USTs and other European government bonds knowing full well the institution is going to take huge losses on the sales. Is this the start of another bank run? Will this kill the Treasury market? Eurodollar University's Money & Macro AnalysisAbout Norinchukin Bankhttps://www.nochubank.or.jp/en/about/Norinchukin Financial Summary Fiscal Year 2023https://www.nochubank.or.jp/en/ir/results/pdf/cap_results2023_04_02.pdfBloomberg Echoes of 2009 Crisis Thrust Japanese Bank Norinchukin Back Into Spotlighthttps://www.bloomberg.com/news/articles/2024-05-21/japan-s-bank-for-farmers-and-fishermen-returns-to-spotlight-for-overseas-lossesBloomberg Norinchukin Bank to Sell $63 Billion of Sovereign Bondshttps://www.bloomberg.com/news/articles/2024-06-18/norinchukin-bank-to-sell-63-billion-of-bonds-to-stem-lossesBloomberg A $1.3 Trillion Fund Pool for Junk-Rated US Firms Has Unlikely Lifeline: Japan's Bankshttps://www.bloomberg.com/news/articles/2023-04-20/the-1-3-trillion-clo-market-grows-more-dependent-on-japan-banksFRBNY Standing Repo Facility Approved Counterpartieshttps://www.newyorkfed.org/markets/srflist-231201CBO Budget Update June 2024https://www.cbo.gov/system/files/2024-06/60039-Outlook-2024.pdfhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUEurodollar University's Anniversary Webinar: The Fundamentals of Interest Rates over the Next 12 months.Sign up below:https://event.webinarjam.com/channel/rates