/qrb/ - QResearch Bunker

Dough

https://fullchan.net/?7e48b65fcb452be2#CtW2KrEZUbHhkc1VLnrKHZ5BktCV5JtoZktVFBqSaT11

https://twitter.com/RED_IN_PA_2/status/1421863018107969538?s=19

President Trump says “you’re gonna be very happy” in response to someone yelling that we need him back 🇺🇸 -TSHA

https://twitter.com/RealJamesWoods/status/1421638861780779018?s=20

>>78205

tyb

dhey are in full blown 'mgmt' mode next door

kek

Senate now in session. Still waiting for final text on bipartisan infrastructure bill

https://twitter.com/ChadPergram/status/1421867980938522630

BREAKING: GOP Senators Reveal Contents of Redacted Fauci Letter – HHS Hid His Collaboration with Dr. Daszak and Wuhan Lab

http://breaking99times.com/breaking-gop-senators-reveal-contents-of-redacted-fauci-letter-hhs-hid-his-collaboration-with-dr-daszak-and-wuhan-lab/

https://www.scribd.com/document/518063142/HHS-Withholding-Info-on-Fauci-Wuhan-Letter-Sens-Johnson-Paul-Lankford-Scott-and-Hawley-to-Chairman-Gary-Peters

>>78215

the usual shit.

just moar of 'em nao

This just popped up on gen

Always gotta 'manage'

kek

>>78221

true dat

Contract approved to use graphene oxide for water treatment

Jul 30th, 2021

UK technology business G2O Water Technologies has landed its first commercial contract for the enhancement of water filtration membranes with graphene oxide. This is particularly significant for both the technology company as well as the water sector globally, as it is the first commercially successful application of the recently developed material for water treatment.

The advantages of using graphene oxide lie in the enhancement of membrane performance, as it mitigates the effects of fouling – one of the biggest challenges operators of membrane-based water filtration systems face. With a coating of graphene oxide, successfully developed and piloted by the company in the northwest of England in collaboration with Hydrasyst Limited, operators can improve operational efficiency, reduce energy consumption and decrease chemical usage. It is anticipated that this will extend the lifetime of the membranes, as well as significantly reducing the cost and environmental impact of water treatment.

Hydrasyst, the earliest adopter of the technology, is a British turnkey solution provider of advanced membrane technology systems, particularly in industrial processes. Commenting on its work with G2O, Managing Director Kyle Wolff said, “We’re thrilled to have been closely involved for some time now with the piloting and application of G2O Water Technology’s graphene oxide coatings. They have ultimately succeeded in proving their value for some of the most difficult water treatment challenges our customers face; for example in the industrial laundry sector. With the graphene oxide coating, our ceramic hollow-fibre membrane systems deliver significant operational advantages, enabling end-users to enhance the efficiency of their water usage, whilst delivering significant savings in energy costs.”

“This is a significant milestone for the company and the whole water sector. It’s the first commercially successful application of graphene oxide for water treatment”, said Chris Wyres, CEO of G2O Technologies. “The results of industrial trials with Hydrasyst validate the real-world advantages the solution delivers. We will be working closely with Hydrasyst to roll-out Nanopulse systems for a range of water treatment applications. We envisage that wide-scale deployment of this transformational solution can contribute to addressing the challenges of water scarcity and climate change.”

https://www.watertechonline.com/industry/article/14207800/contract-approved-to-use-graphene-oxide-for-water-treatment

https://twitter.com/Refusenik19/status/1421404139721052163

>>78205

tybb !o7

Date/Time Constraint selected: DateRange 07/30/2020-08/03/2020

https://qagg.news/?q=%7BDR%2007%2F30%2F2020-08%2F03%2F2020%7D&delta=1 ( 4 QPosts BQQMS )

Date/Time Constraint selected: DateRange 07/30/2019-08/03/2019

https://qagg.news/?q=%7BDR%2007%2F30%2F2019-08%2F03%2F2019%7D&delta=2 ( 23 QPosts )

Date/Time Constraint selected: DateRange 07/30/2018-08/03/2018

https://qagg.news/?q=%7BDR%2007%2F30%2F2018-08%2F03%2F2018%7D&delta=3 ( 54 QPosts )

https://qagg.news/videos/ ( 7 vids )

>>78211

Eyes on August.

https://twitter.com/USArmyEURAF/status/1421885964436320265

https://twitter.com/GaryJac34303792/status/1421877185313484800

https://twitter.com/GaryJac34303792/status/1421837726236741637

>>78205

tyb

'morning, gotta be doc, yeah?

Heard from triple A, he contacted the qnotables guy, who said it should be easy to add qrb notables. So good - should see soon.

howsa?

Dr. Stella Immanuel, Hydroxychloroquine Advocate, Sues CNN, Anderson Cooper for $100M

https://www.newsweek.com/doc-who-backed-hydroxychloroquine-files-100m-defamation-suit-against-cnn-anderson-cooper-1614502

pill coming

they think you're more likely to eat the shit in pill form

>>78081 /lb all

>came back to post this -

>quite the pivot.

" ...

Have a strong feeling it’s going to behuge.

{ note the bold includes the PERIOD ( TIME-period STAMPS-historyY }

{ https://qagg.news/?q=PERIOD (23 QPosts) v= https://qagg.news/?wordsearch=on&q=PERIOD }

{ https://qagg.news/?q=period (19 Qposts} <= https://qagg.news/?wordsearch=on&q=period }

{

https://t.me/CodeMonkeyZ/939

capped the qr one >>78084

the original post said "sinking feeling" not "strong feeling" -

>see

>>>/qresearch/14242527

>At some point, Ron changed it.

Why?

AND THIS screenCAP

>>>/qresearch/14242928

CodeMonkeyZ, [01.08.21 03:59]

“sinking” was a typo;

No need to look too closely into that mistake that i fixed asap with an edit.

https://t.me/CodeMonkeyZ/940

^^^^^ tried to find that post on https://t.me/CodeMonkeyZ, reloaded / refresh, nodda dere !

- still NOT DERE; czech'T @ 12:23 EST !

'tis like missing PDJT / Q+ TwatR poof, is gone / reTweet ...TIME TRAVEL{ >>78183 Final countdown? }

>>78231

frbs...

wut up?

nice to hear dat.

pb >>78182

>The ""Q" signed as "Alice & Wonderland" is disputed. I couldn't find that in my records.

It's Q#s 47, 49, 50, 52 , 53, 57, 58, 59, 60, 32, 63, 68, 71, 73, & 77 all signed "Alice & Wonderland"

https://qagg.news/?q=Alice+%26+Wonderland

Australian War Crimes Syndicate To Police The Streets Of Sydney

So there are going to be soldiers policing Australia’s streets.

In what was already being called the harshest pandemic restrictions in Australia, New South Wales police have requested 300 Australian Defense Force troops to help enforce lockdown rules in eight local government areas in the suburbs of Western Sydney.

“The personnel will deploy on Friday, Defence Minister Peter Dutton said, and will begin assisting police with ensuring compliance with restrictions next week,” Reuters reports.

“Army troops will door-knock homes of people who have tested positive to COVID-19 and those deemed to be close contacts to ensure they are isolating in a crackdown on Sydney hotspots after NSW reached a record number of new infections,” the Sydney Morning Herald reports.

This would be the same ADF which has been caught committing horrific war crimes in Afghanistan, by the way. These are the wonderful people who will be going door to door through Sydney’s poorest and least-white neighborhoods “ensuring compliance with restrictions”.

I haven’t felt comfortable writing about many aspects of the worldwide government responses to Covid-19 for a number of reasons, but it doesn’t take a scientific genius to understand that once you’ve got a war criminal military force patrolling the streets of your country, things have gone too far. With the US president toying with the idea of nationwide vaccine mandates and protests erupting in France over vaccine passport policies, things are clearly heating up around the world.

This is coming as more and more aggressively manufactured stigma is directed at unvaccinated people and “conspiracy theorists”, up to and including widespread support for banning vaccine skeptics from social media at the US government’s direction. The way unvaccinated people and conspiracy theorists are being increasingly blamed for society’s problems is beginning to look a lot like the liberal version of blaming poor people and immigrants for society’s problems, which is very convenient for the powerful people who are actually responsible for society’s problems.

It’s outrageous how we all know our governments and institutions lie to us all the time about important things, yet when people are distrustful of those institutions they get treated like they belong in a straight jacket. I mean sure, this distrust sometimes manifests in ways that are not well-informed or truth-based, but expecting all rank-and-file members of the public who work full time to have a perfectly erudite understanding of every situation is absurd. The distrust is reasonable, and it’s not their fault.

If people distrust their government and institutions, the blame rests exclusively on the shoulders of the government and institutions who created that distrust in the first place. You can’t create distrust and then act like people are crazy for distrusting you. That’s not a thing.

https://caitlinjohnstone.com/2021/07/30/australian-war-crimes-syndicate-to-police-the-streets-of-sydney/

>>78225

I'm now listening to the conference from which this Yeadon clip was taken: FIVE HOURS.

(haven't watched FB for years, but this is worth it)

Among the speakers on Day 2:

Sucharit Bhakdi, Reiner Fuellmich, Catherine Austin Fitts.

First speaker is talking about govt's using psychological Tavistock style tactics to see covid lies.

https://m.facebook.com/story.php?story_fbid=344631127144043&id=285303174858472

hey G

can I getz a special treatmant on this pic

hoping the glasses be real qool

tyvm if you can

Nearly 2 million households owe $15 billion in back rent as eviction moratorium expires

The Supreme Court ruled that “clear and specific congressional authorization, via new legislation would be necessary” for another extension.

As many as 1.95 million households across America owed a collective $15 billion in back rent when a nationwide eviction moratorium expired this weekend, according to Federal Reserve Bank of Philadelphia estimates.

That number will reach 2 million by December, according to the report released Friday. In Pennsylvania, about 60,000 renter households will owe $412 million come August.

The U.S. Centers for Disease Control and Prevention (CDC) made one final 30-day extension of the Emergency Rental Assistance Program through July 31. President Joe Biden’s administration said its “hands are tied” by the courts on the matter and any further relief must come from Congress itself.

“Given the recent spread of the delta variant, including among those Americans both most likely to face evictions and lacking vaccinations, President Biden would have strongly supported a decision by the CDC to further extend this eviction moratorium to protect renters at this moment of heightened vulnerability,” White House press secretary Jen Psaki said in a news release. “Unfortunately, the Supreme Court has made clear that this option is no longer available.”

Rep. Cori Bush, D-Mo., staged a protest at the US Capitol on Saturday night to contest the fact that Congress failed to pass legislation to extend the moratorium.

In June, the Supreme Court of the United States ruled that “clear and specific congressional authorization, via new legislation would be necessary” for another extension.

“In light of the Supreme Court’s ruling, the President calls on Congress to extend the eviction moratorium to protect such vulnerable renters and their families without delay,” Psaki said.

The administration also asked the U.S. Departments of Housing and Urban Development, Agriculture, and Veterans Affairs to extend their respective moratoriums to protect Americans living in federally-insured, single family homes through the end of September.

“The President has also asked these and other departments to do everything in their power so that owners and operators of federally-assisted and financed rental housing seek Emergency Rental Assistance to make themselves whole while keeping families in secure and safe housing – before moving toward eviction,” she said.

“The CDC’s eviction moratorium has been critical in helping people stay housed and avoid a wave of evictions and homelessness as Pennsylvania and the nation experience continued economic insecurity, but we must prepare for what may come when the moratorium ends,” Snead said.

https://justthenews.com/nation/states/report-19-million-households-owe-15-billion-back-rent-eviction-moratorium-expires

Union declares strike in world’s LARGEST copper mine in Chile after labor negotiations fail

A labor union has voted to approve a strike at Escondida, the world’s largest copper mine, located in the Atacama Desert, Chile, where the miners are demanding better work conditions and benefits during the pandemic.

The mine’s Union No 1 said that 2,164 of its members, or 99,5% of those who had voted, had chosen to reject a final contract offer, and that it had approved the strike. “The resounding result once against demonstrates that… our ranks believe that this offer doesn’t contain any progress towards [addressing] the legitimate demands of the workers,” the union said, in a statement late on Saturday. It also said the vote should become a “decisive wake-up call” for the mine’s owner, the Australian-based mining giant BHP Group, to start “substantive talks.”

The Federation of Copper Workers (FTC), an umbrella union group, said that miners did not stop contributing to the Chilean economy during the Covid-19 pandemic and are demanding “fair labor and human relations.” While the exact terms of the offer were not released, the union is demanding an additional bonus equivalent of 1% of dividends paid to the mine’s owners as a recognition of the sacrifices made by workers during the pandemic, according to Chilean media. BHP said in a statement to Reuters this week that its offer contained improvements to the current work environment, and new benefits, and was a result of conversations with workers.

After the vote, the company said it remains committed to dialogue and reaching an agreement with the union at upcoming government-mediated talks. During the previous labor dispute in 2017, miners at Escondida went on a strike for more than 40 days, demanding better contracts.

https://www.rt.com/news/530840-chile-copper-mine-strike/

>>78243

“I first stumbled upon a document, called KONTRATEN-E-PLOTE which translates to ‘read the full contract’.

“Only later I discovered it was Albanian website that has published it on January 2021. They deserve ALL the credit for the leakage of the document, and journalists around the world deserves the shame for not discovering and reporting it.

“Countries might claim they negotiated a better deal, but based on the evidence we have received from South America it seems this contract is real, and that it’s similar to what was used worldwide.

“‘One Health Ministry official, Yaron Niv, said in a separate Kan interview that each dose cost Israel $62.’ Netanyahu is indeed a magician – he got Israel to pay 5 times more than Albania and made people worship him for this BAD deal.

“This contract is actually worse than it seems.

“Current Good Manufacturing Practice (CGMP) is regulated by the FDA. cGMP will tell you NOTHING about mRNA, because we never had cGMP of mRNA vaccine, so you cannot prove cGMP malpractice.

“Former president of Pfizer in Brazil and CEO for Latin America Carlos Murillo today said in testimony to the COVID CPI that the clauses proposed by the pharmaceutical company for the offer of vaccines to Brazil are not ‘preeminent’, as stated by the former minister of Eduardo Pazuello Health.

“According to Murillo, Pfizer demanded from all countries the same conditions for the purchase of vaccines against COVID-19. In addition, he said that claims that the drug maker would have demanded state assets such as embassies and military bases as collateral are not correct. ‘It’s distorted information,’ he declared.”

Biber concluded: “To those [who] think it is a fake: My university law professor said laws are like computer code. They use legal functions, and variables, and processes. I worked in Big Pharma, I reviewed many contracts in my career, and this document seems to me as real as can be.

“I wrote this on the 13th of July: ‘Israel has turned into a pharmaceutical Banana Republic, where the priorities of a multinational supersedes the priorities of its citizens. It is no longer the Jewish motherland, it is Pfizerland.”

“Addendum: Former president of Pfizer in Brazil and CEO for Latin America testified to the Brazilian committee that Pfizer demanded the same condition for vaccine purchase from all countries:

https://youtu.be/PTAxv-WLr2A

2/2

The Suppression of Invermectin: ‘There’s Good Reason Pfizer Fought to Hide the Details of These Contracts’

“If you were wondering why Ivermectin was suppressed, it is because the agreement that countries had with Pfizer does not allow them to escape their contract, which states that even if a drug will be found to treat COVID-19, the contract cannot be voided.”

Unredacted contracts for the experimental biological agent known as the “COVID-19 vaccine” between the Pfizer corporation and various governments continue to be revealed.

Information security expert Ehden Biber told America’s Frontline Doctors (AFLDS) Frontline News that the first document to recently emerge was discovered by Albanian newspaper Gogo.al. Biber then was able to locate the digitally-signed Brazilian contract, and at least two others, one with the European Commission, and the other with the Dominican Republic.

AFLDS Chief Science Officer Dr. Michael Yeadon responded to the revelations after perusing the Albania contract, saying it “looks genuine.” He continued: “I know the basic anatomy of these agreements and nothing is missing that I’d expect to be present, and I’ve seen no clues that suggests it’s fake.”

Yeadon noted what he found “the most stunning revelation,” citing the clause that stipulates “if there are any laws or regulations in your country under which Pfizer could be prosecuted, you agree to CHANGE THE LAW OR REGULATION to close that off.” (emphasis his)

In a Twitter thread that has since been removed except the first tweet in the thread, Biber explained the significance of the revealed agreements: “Because the cost of developing contracts is very high and time consuming (legal review cycles), Pfizer, like all corporations, develop a standardized agreement template and use these agreements with relatively minor adjustments in different countries.

“These agreements are confidential, but luckily one country did not protect the contract document well enough, so I managed to get a hold of a copy.

“As you are about to see, there is a good reason why Pfizer was fighting to hide the details of these contracts.”

https://www.globalresearch.ca/information-security-expert-revealed-pfizer-agreements-there-good-reason-pfizer-fought-hide-details-contracts/5751541

1/2

HULK22 USAF E-4B Nightwatch departed Lincoln Muni Airport, NE es

This AC arrived at Lincoln Muni yesterday as TITAN25 after departing from JBA

Arrived on Friday from Manila, P.I. with the Secretary of Defense and it could habs had them on board yesterday as well since TITAN25 is the call sign for when that office is onboard.

>>78159 pb

WIDE57 USAF KC-135 tanker heading to Not AF1 Joe at Camp David position from Portsmouth, NH depart

61-0309 USAF KC-135 tanker went back to Portsmouth earlier and this is the replacement

>>78185 pb

SAM883 USAF G5 continues sw @ 40k ft from it's JBA depart a bit ago.

>>78256

>>78236

<Have a strong feeling it’s going to behuge.

>original post said "sinking feeling" not "strong feeling"

>

> 'tis like missing PDJT / Q+ TwatR poof, is gone / reTweet ...TIME TRAVEL { >>78183 Final countdown? }

cont.

not found in qresearc.ch:

'Erik Ekroth' { Eri kEk ROTH }

New Dan Scavino on Facebook. TROLL OF THE WEEK! www.erikekroth.com { Q "TROLLING / FISHING is FUN" }

https://t.me/mgshowchannel/11987

Jul 31 at 11:45

https://t.me/AmericaFirstAudits/1941

Jul 31 at 11:47

RELEASE THE PILLOWS

Mike n The Pillows / Mike n the Mechanics KeKeKs

https://t.me/qanonplus/14636

Jul 31 at 12:16

https://t.me/AmericaFirstAudits/1945

Jul 31 at 12:41

HUGE/\YyUGE TITANIC PANIC the ROTHS ?!?!?

301 (4) (4)

#FLYROTHSFLY#

Sweet dreams.

Q

https://qagg.news/?wordsearch=on&q=titanic

>>78205

tyb

>>78208

dis a guud sunday

>>78239

And where is the trip code?

Doesn't come up on my record

Here's what I get:

"ALICE AND MAD HATTER" #2636

"And , I hope you and Chris enjoy your time in the Land of alice and the MH-all the best from Hanoi-H" #2053

HRC = Alice #2049

"Alice & Wonderland.

Solved?

Q" #435

Alice & Wonderland - understood #144

"Saudi Arabia - The Bloody Wonderland.

=Alice & Wonderland signatures" #86

"Hillary & Saudi Arabia (Alice & Wonderland)(see above). #84

"Simplified.

Alice & Wonderland.

Hillary & Saudi Arabia. #83

[Repost] Things need to be solved to understand what's about to happen

Let's start w/ Alice & Wonderland.

Hillary Clinton in Wonderland by Lewis Carroll.

Saudi Arabia - the Bloody Wonderland.

Q" #82

another repost

"Let's start with Alice in Wonderland

Hillary Clinton in Wonderland by Lewis Carroll." #80

[Repost Lost]

"Alice in Wonderland

Q"

How precise is geo trackng (non-public c-level pro)?

Why is this relevant?

Alice & Wonderland

Q" #78

last line on

#77

Second to last line on # 76

"Godfather lll

Alice & Wonderland

Alice (Lewis Carroll) =

The Bloody Wonderland =

#75

Q = Alice #74

"Alice & Wonderland

Q" #73

"Alice & Wonderland

Q" #72

last line "Alice & Wonderland" #71

"Alice & Wonderland.

The Great Awakenng.

Q" #70

Last line "Alice in Wonderland" #68 #63

"Alice & Wonderland

WHERE IS BO TODAY?!?!? #62

"Alice & Wonderland" last line #60 #59 #58

anon takes "Alice & Wonderland" as a statement, rather than a signature.

Perhaps Q team was communicating to people other than anons on Q research?

Certainly much of the code is known better by insiders?

31 of the posts contain the word "Alice"

Q was ID by a trip code, rather than a signature; IMO

>>78266

hiya frB !o7

qood news on qnotables, ready to rumble.

>>78268

BIG pillow fight!!

cmZ - u knowz he knose you have moar than you knowZ ... kek

needin a nappenin break break

ttyl

>>78270

=Alice & Wonderland signatures" #86

Maybe 'Alice & Wonderland" signatures indicated when they executed one of these freaks?

Notice the #86 on that com?

>>78273

"https://qagg.news/?q=%23%2387

My signatures all reference upcoming events about to drop if this hasn't been caught on.

Snow White

As anon thought "upcoming event" could be executions?

Announcement of executions

Also anon doubts Q team signed themselves as all three"

"Alice & Wonderland"

"Snow White"

"Godfather iii

?

Godfather III

Q "

question

Is there any problem with anonfiles.com?

Here's the message i get with malwarebytes.

>>78251

<Archiving Fuellmich vids....

they are the best.

i'm trying to note Fuellmich vids whenever possible.

Have you uploaded these to anonfiles.com or anywhere else? Can you add pointers to the

"fake pandemics" thread?

There is so much info now it's hard to keep up.

https://8kun.top/qrb/res/48592.html

>>78219

After some of the exchanges this anon has had the site, I can assure you this is one of the most patient and loving mother fuckers on the planet. I will always be grateful for him. I really hope to get to meet him in person one day, and shake his hand so I can tell him in person.

>>78300

couldn't put it any better.

And dhey call him 'weird'....who ain't?

>>78307

Michael Yeadon:

"The vaccine passports are the ENTIRE objective."

Listen to him paint the picture of how some influential people are being convinced to go along with the plan.

https://m.facebook.com/story.php?story_fbid=344631127144043&id=285303174858472

~2 hours, 29 minutes

Square to buy Australia's Afterpay in $29 bln all-stock deal

U.S. fintech company Square Inc SQ.N said on Monday it had agreed to purchase Australian buy now/pay later giant Afterpay Ltd APT.AXin an all-stock deal worth about $29 billion.

Afterpay shareholders will get 0.375 shares of Square class A stock for every share they own, implying a price of about A$126.21 per share based on Square's Friday close, the companies said in a joint statement.

The offer price is a more than 30% premium to Afterpay's last close and the Australian firm's shareholders are expected to own about 18.5% of the combined company.

https://www.nasdaq.com/articles/square-to-buy-australias-afterpay-in-%2429-bln-all-stock-deal-2021-08-01

>>77796 pb

XA987/SAM987 departed Hickam AFB Oahu north after an overnight

>>78316

Covid-19... 5G... Spanish Flu - The Usual Suspects

Discusses events surrounding the 1918 Spanish Flu epidemic and the global introduction of radiation wave technology, later shortened to radio waves. Why are the same families and institutions who controlled the Radio Wave narrative after the Spanish Flu pandemic now controlling the 5G narrative in 2020?

>>78320

>>78322

World’s Biggest Pension Fund Cuts U.S. Bond Weighting by Record

Japan’s Government Pension Investment Fund made a record cut to the weighting of Treasuries in its portfolio last fiscal year as the world’s safest asset led a global debt selloff.

GPIF, as the world’s biggest pension fund is known, slashed U.S. government bonds and bills to 35% of its foreign debt holdings in the 12 months through March 30, from 47% previously, according to an analysis by Bloomberg of the latest data.

The rebalancing comes with the fund now over a year into a new investment plan that’s reduced dependence on Japanese government bonds and shifted focus toward higher returning equities and overseas debt. Bloomberg’s analysis indicates the shift came largely through boosting holdings of European sovereign bonds, rather than selling Treasuries into a falling market. While GPIF offers little commentary on annual changes in its portfolios, even small adjustments reverberate through world markets given its total investments of about $1.7 trillion. Some strategists suggested the pension giant may have sought to trim Treasuries because of an extended period of underperformance. Others said this could have been incidental as it moved to reduce risk by aligning weightings with global indexes. To be sure, GPIF’s Treasury holdings had shot up in the year earlier, particularly in shorter maturities, just as it was mulling the new investment plan. This offers yet another reason -- that extra funds had only been parked temporarily in U.S. bills and notes as a substitute for cash before the fund settled on more permanent allocations. Whatever the motives may have been, GPIF made a 7.1% return on overseas debt last fiscal year, versus 5.4% for FTSE Russell’s World Government Bond Index excluding Japan, which it measures performance against. That represents the strongest result in four years versus the benchmark. FTSE Russell’s weighting for Treasuries was around 38% as of the end of June, including Japanese debt.

GPIF’s allocations for French, Italian, German and the U.K. bonds all increased by at least 1.7 percentage points in the 12 months through March. Purchases of these securities totaled 5.72 trillion yen ($52 billion) after adjusting for fluctuations in exchange rates and bond prices, Bloomberg’s analysis found. While the weighting for U.S. bonds fell, GPIF still added about 1.1 trillion yen worth of Treasuries to its holdings last fiscal year, after adjusting for currency fluctuations and bond returns, according to Bloomberg’s analysis. That took its hoard to about 17.5 trillion yen. Under its five-year investment plan that took effect in April 2020, GPIF aims to split its portfolio evenly between stocks and bonds, with these two asset classes then divided equally between domestic and foreign markets. Japanese government bonds previously had a 35% weighting in total investments.

The changes are paying off, with the return last fiscal year on bonds and stocks combined beating the fund’s composite benchmark for the first time in seven years. Still, it isn’t possible to fully assess how well GPIF timed its adjustments because the fund doesn’t disclose when during the 12-month period changes took place. There was enormous movement in bonds over the period, with 10-year Treasury yields largely moving sideways over the first half of the fund’s fiscal year before surging about 100 basis points to around 1.7% in the second half. The fund’s smaller peers in Japan, which often follow its lead, will scrutinize the latest changes. “GPIF has a large influence over the investment decisions of other pension funds in Japan,” said Ayako Sera, a market strategist at Sumitomo Mitsui Trust Bank Ltd. in Tokyo. “What it does has an impact in the market.” Looking at the more recent moves, Sera sees the attractiveness of Treasuries dropping even further. “Current yield levels don’t compensate investors enough to take foreign-exchange risks,” she said.

Treasury Department data show Japanese investors overall have sold a net $24 billion of U.S. government bonds since the start of the Asian nation’s current fiscal year on April 1. They offloaded $35 billion in the 12 months before that, the most in three years.

https://www.bnnbloomberg.ca/world-s-biggest-pension-fund-cuts-u-s-bond-weighting-by-record-1.1635509

>>78325

You're gonna be very happy!