{
  "id": 19610991,
  "title": "Global Salon: Fixing the Dollar’s Dilemma",
  "url": "https://urgent.news/2026/11/12/global-salon-fixing-the-dollars-dilemma",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T06:00:00.000Z",
  "source": {
    "name": "Global Finance",
    "slug": "global-finance",
    "url": "https://gfmag.com/capital-raising-corporate-finance/global-salon-fixing-the-dollars-dilemma/"
  },
  "original_language": "en",
  "account": "In the latest issue of Global Finance Magazine, Grant Johnsey, head of Market Solutions, Banking & Markets at Northern Trust, discusses the current state of the U.S. Treasuries market and the ongoing de-dollarization narrative. The U.S. stock market remains dominant, accounting for over 60% of the world's market cap, making it difficult for large allocators to invest elsewhere. Despite the de-dollarization talk, institutional investors are still hesitant to move away from U.S. assets. However, there is a growing trickle of money leaving Treasuries and moving into non-U.S. equity markets, particularly from pension funds in Denmark and Japan. The U.S. government's Treasury buyback plan, which has increased to approximately $4 billion per cycle, aims to provide liquidity in the secondary market and reduce the amount of 10-, 20-, and 30-year Treasuries being auctioned. This move may be a temporary solution to address liquidity concerns. The U.K. and France are seen as potential canaries in the coal mine, warning of potential issues with interest expenses and corporate leverage levels due to rising interest rates. Stablecoin and digital assets are still in their infancy, with only around $300 billion in total stablecoins issued. Institutional interest is primarily focused on utility coins rather than tokenized assets, as regulatory clarity is lacking.",
  "summary": "Global Finance sat down with Grant Johnsey of Northern Trust to discuss changes in the U.S. Treasuries market — who’s joining, who’s leaving, and what the U.S. can do. The post Global Salon: Fixing the Dollar’s Dilemma appeared first on Global Finance Magazine .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}