Today’s focus...JOLTS, Corp USD flows, searching for a flight back to London
but those repatriations are not month end activities per se, they happen with frequency throughout the year when cash flow hedges are placed.
An FYI, US corporates buy dollars today for month end settlement, not for tax purposes per se, but for accounting purposes. a majority of them hedge their balance sheet assets overseas on a month-end to month-end basis. very mechanical hedging
I disagree... the moves became starker after Trumps tax bills encouraged them to bring more USD home ... Brent Donnelly has written about this
but those repatriations are not month end activities per se, they happen with frequency throughout the year when cash flow hedges are placed.
An FYI, US corporates buy dollars today for month end settlement, not for tax purposes per se, but for accounting purposes. a majority of them hedge their balance sheet assets overseas on a month-end to month-end basis. very mechanical hedging
I disagree... the moves became starker after Trumps tax bills encouraged them to bring more USD home ... Brent Donnelly has written about this