Bond Market’s $2.46 Trillion Dilemma Isn’t So Bad After All
Bloomberg
For bond investors worried about what might happen when the Federal Reserve starts whittling down its $2.46 trillion of Treasuries, there’s good news.
You’ll barely even notice.
...“It would not have an impact, and that’s the news here,” said Lou Crandall, chief economist at Wrightson ICAP LLC, a research firm that specializes in analyzing Fed policy and Treasury financing. “Letting Treasuries run off is a freebie.”