Global Liquidity Hit By Crashing Bonds

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The Sell-Off in Treasuries Is Not Good News for Global Liquidity

 

We argue here that structural supply and demand forces are pushing US Treasury yields higher via rising term premia. The US Fed is almost powerless to offset this. The resulting impairment to the value of the pool of collateral that backs credit markets will hit Global Liquidity. Caution: Asset prices could suffer a negative shock.

 

 

 

See our latest published research, Global View - The Sell-Off in Treasuries Is Not Good News for Global Liquidity – 26th September 2023

 

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