You are here

A US$1 trillion pain trade in the Treasuries divides top bond dealers

Consequences of Fed's pullback from Treasury purchases to replace the matured ones extend beyond bond market

New York

TO APPRECIATE just how important the Federal Reserve has been to the US Treasury, consider this simple fact: It alone financed roughly 40 per cent of America's budget deficit last year.

So as Fed officials talk up the possibility of unwinding the central bank's crisis-era

Market voices on:


Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at

Powered by GET.comGetCom