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Treasuries glut swells to US$10t as deficits loom

Pundits sound the alarm as Treasuries tumble on the back of paltry revenue growth and funding issues

The US Federal Reserve has said it will look to reduce its holdings eventually by scaling back reinvestments when bonds are due, but it hasn't announced any timetable as to when this will actually take place.

New York

NEGATIVE yields. Political risk. The Fed. Now add the US deficit to the list of worries to keep beleaguered bond investors up at night.

Since peaking at US$1.4 trillion in 2009, the budget deficit has plunged amid government spending cuts and a rebound in tax receipts. But...

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