CatalystFixed Income
Bloomberg:
Hedge funds' "absorption of US government debt has outpaced other US creditors, leaving the funds with roughly 8.5% — or about $2.7 trillion — of outstanding Treasuries as of late last year.
Context
What happened: Bloomberg reports hedge funds absorbed US government debt faster than other US creditors, holding roughly 8.5% of outstanding Treasuries as of late last year.
Key numbers: About 8.5%, or roughly $2.7 trillion, of outstanding Treasuries held by hedge funds as of late last year.
Why it matters: Bloomberg calls the sum noteworthy given hedge funds' ability to move rapidly, leverage their trades, and their flexibility in selling a Treasury security.
What changed
Bloomberg reports hedge funds absorbed US government debt faster than other US creditors, holding roughly 8.5% of outstanding Treasuries as of late last year.
Why it matters
Bloomberg calls the sum noteworthy given hedge funds' ability to move rapidly, leverage their trades, and their flexibility in selling a Treasury security.