{"id":12831,"date":"2025-05-06T09:54:10","date_gmt":"2025-05-06T00:54:10","guid":{"rendered":"http:\/\/www.irken.jp\/gn\/?p=12831"},"modified":"2025-05-06T09:54:11","modified_gmt":"2025-05-06T00:54:11","slug":"market-watch-may-5","status":"publish","type":"post","link":"https:\/\/www.irken.jp\/gn\/?p=12831","title":{"rendered":"Market Watch (May 5)"},"content":{"rendered":"<p>\u201cTaiwan\u2019s currency is exploding,\u201d as are fears about the \u201c$767 billion of foreign assets held by Taiwan\u2019s life insurers.\u201d In a \u201cclassic case of liability and asset mismatching,\u201d Taiwan\u2019s life insurers \u201chave put their assets into U.S.-dollar-denominated bonds\u2026 without hedging the currency risk.\u201d This has resulted in \u201cwhat\u2019s called a 19-sigma shock,\u201d as the Taiwanese dollar strengthened dramatically, exceeding \u201cthe typical move by 19 standard deviations in a world where a 3-sigma event is\u2026. much rarer than even 1 in a trillion.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cTaiwan\u2019s currency is exploding,\u201d as are fears about the \u201c$767 billion of foreign assets held by Taiwan\u2019s life insurers.\u201d In a \u201cclassic case of liability and asset mismatching,\u201d Taiwan\u2019s life insurers \u201chave put their assets into U.S.-dollar-denominated bonds\u2026 without hedging the currency risk.\u201d This has resulted in \u201cwhat\u2019s called a 19-sigma shock,\u201d as the Taiwanese [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[16478,16483,809,123,16481,16476,16477,4007,16482,2930,1408,16479,16480,1114],"class_list":["post-12831","post","type-post","status-publish","format-standard","hentry","category-global-news","tag-767-billion","tag-19-sigma-shock","tag-bonds","tag-currency","tag-currency-risk","tag-dollar-denominated","tag-exploding","tag-fears","tag-foreign-assets","tag-hedging","tag-liability","tag-life-insurers","tag-mismatching","tag-taiwan"],"_links":{"self":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/12831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12831"}],"version-history":[{"count":1,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/12831\/revisions"}],"predecessor-version":[{"id":12832,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/12831\/revisions\/12832"}],"wp:attachment":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}