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Open original source ↗This is consistent with my prior posts on two major forces driving today's US Treasury market, fueling both higher and more volatile yields:
Fundamental Supply/Demand Imbalance: Greater demand for bond financing (across governments, tech, and other corporates) met with a less consistent pool of long-term buyers.
Market Composition: The growing footprint of "fast money" participants as a result.
#economy #bonds #markets #yields
Quoted context
These are the quoted author’s words.
Hedge funds are becoming a force to be reckoned with in the roughly $30 trillion U.S. Treasury market, stepping in at a time when some traditional long-term investors have been looking at other options. The shift is helping the government find buyers as its pile of debt grows, but it may also be making the world’s largest bond market more vulnerable: https://t.co/knyk0OyLzX
CNBC ↗