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The Treasury Market’s New Power Brokers Are Pickier Than Ever
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The Treasury Market’s New Power Brokers Are Pickier Than Ever

Business - Latest - Google News·7 days ago
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Takeaways by Bloomberg AI

Beset by a selloff in Treasuries that’s sent benchmark yields to multidecade highs, the US government is finding itself increasingly dependent on investors who only buy if the price is right.

The evolution in who forms the world’s biggest bond market is underway after it swelled seven-fold to $32 trillion over the past two decades, powered by Uncle Sam’s rampant borrowing.