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Story summary
- The U.S. Treasury Department intervened in the Japanese yen last week to support the currency, stabilize an ally’s finances and calm anxious investors.
- Analysts linked the intervention to the rally that lifted the S&P 500 to a fresh record Tuesday.
- Matt King of Satori Insights called the intervention necessary but “weird,” reflecting U.S. vulnerabilities.
- He said AI companies’ massive bond issuance has lowered bond prices, raised yields and unnerved investors.
