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Global Markets Brace for UBS Fund Exposure to Bankrupt First Brands, Rising JGB Yields, and Robust Australian Reserves
Stock Market Newsยท 2025-10-08 06:08
Key TakeawaysUBS funds face over $500 million in exposure to the recently bankrupt auto-parts supplier First Brands Group, with one UBS Hedge Fund Solutions unit holding the largest unsecured claim of $233.7 million.The 10-year Japanese government bond (JGB) yield climbed 2.0 basis points to 1.695%, nearing 17-year highs amidst political uncertainty and expectations of continued monetary easing under the new Prime Minister Sanae Takaichi.Australia's foreign exchange reserves increased to A$107.13 billion in ...