The Treasury Market’s New Power Brokers Are Pickier Than Ever

Beset by a selloff in Treasuries that’s sent benchmark yields to multidecade highs, the US government is finding itself increasingly dependent on investors who only buy if the price is...

By Cameron Fozi, Greg Ritchie and Kyle Kim · Bloomberg Markets

Beset by a selloff in Treasuries that’s sent benchmark yields to multidecade highs, the US government is finding itself increasingly dependent on investors who only buy if the price is right.