Fed holds $1.75 trillion of MBS from quantative-easing program. Yet because the Fed is now the biggest source of demand for U.S. government-backed mortgage debt and owns a third of the market, any move is likely to boost costs for home buyers. Source: Bloomberg
Japanese Prime Minister Shinzo Abe said that the research delegation would visit the Kurils in late June. Japanese media confirmed later in the month that a group of about 70 people would be led by Abe’s adviser Eiichi Hasegawa. The group is expected to visit the facilities that have been recognized as prospective for development of joint Russian-Japanese economic activity on the Kuril Islands. Source Sputnik
French President Emmanuel Macron invited his US counterpart Donald Trump on Tuesday to attend the country’s traditional Bastille Day military parade, despite public differences over the Paris Agreement on climate change. Source France24
U.S. Federal Reserve Chair Janet Yellen said on Tuesday that she does not believe that there will be another financial crisis for at least as long as she lives, thanks largely to reforms of the banking system since the 2007-09 crash. Source Reuters
