Treasuries Losing Luster as Hedge Tool, Citi Australia CEO Says
Treasuries are losing their luster as a portfolio hedge as increasing supply, persistent inflation and rising neutral rates weaken their appeal, according to Citigroup Inc.’s top Australia banker.
By Haidi Lun and Richard Henderson · Bloomberg Markets
Treasuries are losing their luster as a portfolio hedge as increasing supply, persistent inflation and rising neutral rates weaken their appeal, according to Citigroup Inc.’s top Australia banker.