Through the end of November, the largest foreign holders of U.S. debt were Japan at $1.09 trillion, China at $768 billion and the U.K. at $765 billion. … READ MORE >
Treasury securities
Understanding the facts in the debt ceiling debate
As the stand-off over raising the nation’s debt ceiling drags on, a rational discussion of the issues at play has often been lost amid the political rhetoric. We explain some of the basic facts. … READ MORE >
As turmoil grows, foreign banks and investors flock to the dollar
Whether it is the purchase of short-term Treasury notes, deposits in U.S. financial institutions or a use of the Fed’s overnight reverse repurchase facility, investors are in a flight to safety … READ MORE >
Monetary policy tightening, the bond market and the business cycle
Economic shocks including inflation, interest rate increases and energy market turmoil are hitting the global economy and showing up in fixed income markets. … READ MORE >