U.S. Treasuries
Have become a 'risk factor that cannot be ignored' for the insurance industry
Must diversify asset allocation more
Most insurance companies in Taiwan primarily rely on long-term bond yields
To support policy interest spreads
According to the existing economic model, U.S. Treasuries are declining and the dollar is depreciating
Emerging market currencies are appreciating
This further expands the hedging costs of U.S. Treasuries
And the market's narrative regarding the current state of the dollar
