Central bank reserve managers unnerved by Treasury market woes
Officials are unsettled but constrained as US creditor base shifts to private hands
The rise in long-term US Treasury yields has unnerved central bank reserve managers amid a global government bond sell-off.
Central Banking spoke to finance professionals from HSBC and Franklin Templeton alongside central bank officials to understand how the recent bond market turmoil, and the US Treasury’s attempts to resolve it, is affecting their perspectives on the world’s largest government debt market.
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