The United States and South Africa have begun early-stage discussions on potential bilateral investment deals spanning mining, energy and infrastructure, in a move that could ease strained relations between the two countries. Around 25 officials and industry representatives met in Johannesburg, marking the highest-level engagement this year focused on minerals cooperation. Talks centered on identifying priority projects, including rare earths assets such as the Phalaborwa mine, and building supp

DoubleLine Capital CEO Jeffrey Gundlach said he has shifted some portfolios, including the firm’s flagship fund, from higher-coupon US Treasuries into lower-coupon bonds of the same maturity to hedge against a possible future restructuring of US debt. In an interview, Gundlach said the US government could theoretically reduce coupon payments on outstanding debt during a future recession to lower interest costs, citing a hypothetical cut to 1% from 4% without changing maturities. He called the scenario a “longshot” but warned such a move would cause bond prices to collapse and severely damage US borrowing credibility. Gundlach linked the idea to Treasury Secretary Scott Bessent’s discussions about managing the yield curve to address the US debt burden.

WTI原油日內跌超2.00%，現報96.44美元/桶。布倫特原油日內下跌2.00%，現報99.21美元/桶。