Skip to content
Subscriber Only
Markets

A Foreign Threat to U.S. Treasuries That Dwarfs Fed's Debt Hoard

  • Trillions of dollars in negative-yielding bonds turn positive
  • International buyers may shift away just as Fed pares holdings
Bloomberg business news

The Foreign Threat to U.S. Treasuries

Updated on

These days, it seems like everyone in the bond market is obsessed over what will happen when the Federal Reserve starts whittling down its mammoth, crisis-era investments in U.S. government bonds.

Yet lost in the hullabaloo is one little-noticed fact: there’s an even bigger debt pile that could draw buyers away from Treasuries at just the wrong time.