Who’s Really Buying U.S. Treasuries?

Who’s actually buying all that U.S. government debt? Andreas Steno argues that the story isn’t the UK suddenly becoming a massive Treasury buyer. Instead, UK flows reflect the leveraged funds based there, and with China and Japan playing a smaller role, hedge funds are becoming increasingly important marginal buyers of U.S. Treasuries. And if repo-market liquidity remains plentiful, that could have major implications for leverage and risk assets. 🔥 Get 𝗙𝗥𝗘𝗘 𝗔𝗖𝗖𝗘𝗦𝗦 to Real Vision https://rvtv.io/3YOZZUe About Real Vision™: We arm you with the knowledge, the tools, and the network to succeed in your financial journey. Connect with Real Vision™ Online: Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram Website: 🔥 https://rvtv.io/3Y4t5Pw 📈 Get your Real Vision swag: https://shop.realvision.com 📣 Elevate your brand with Real Vision. Connect with us at [email protected] to explore advertising possibilities. Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pdf #treasuries #hedgefunds #liquidity #repo #macro #markets #investing #bonds #usd #trading #macromondays #realvision #macromondays #andreassteno