Asian economies are shifting financing ties to counter US tariffs, with euro-denominated issuance from Asia Pacific borrowers hitting record levels. Trump’s policies risk eroding American capital dominance. Euro note sales rose 75% to €86.4 billion in 2025. Dollar deals still dominate, but the American edge may be waning.

Investors are diversifying away from the dollar, prompting a surge in euro bond issuance. The greenback slid 11% against the euro. Euro’s attractiveness to Asian markets is growing, with Deutsche Bank seeing a significant increase in euro trading volume. The trend towards de-dollarization continues.

The boom in euro issuance by Asian borrowers is driven by lower funding costs and a need for diversification. The premium to swap euros into dollars is at a near five-year low. The euro’s appeal for funding and debt investment is on the rise, reflecting a shift towards a more multipolar world.

Netflix secures $59 billion in financing for its acquisition of Warner Bros. Discovery. Wall Street prepares to lend to AI giants while protecting against potential bubbles. Oracle’s credit-default swaps hit a high, reflecting investor concerns over AI investments. Morgan Stanley looks to offload data-center exposure.

A shortage of new Additional Tier 1 bonds is expected to sustain a rally in risky bank debt. Fixed maturity funds are influencing corporate-bond prices. Merck & Co raises $8 billion for acquisitions. Private lenders snap up subordinated debt commitments. Banks face challenges in leveraged loan sales.

Carlyle Group sells a troubled loan to iRobot Corp. Goldman Sachs pauses a mortgage-bond sale for CyrusOne after an outage. Blue Owl Capital raises $1.7 billion for its digital infrastructure fund. Altice International’s drop-down strategy sparks creditor concerns. Citigroup, Wells Fargo, and T. Rowe Price make key hires in the finance sector.

Read more at Yahoo Finance: US Loses Financing Edge as Asia Borrows in Euros: Credit Weekly