Journal Article
The Changing Investor Composition of U.S. Treasuries, Pt. 2: Who’s Buying U.S. Treasuries?
Abstract: Part 1 of this two-Bulletin series highlights the changing demand among foreign investors for U.S. Treasuries. In Part 2, we explore how the composition of Treasury investors has shifted toward more yield-sensitive domestic private investors—such as banks, money funds, and hedge funds. This shift in investor composition has not only increased yields but also raised volatility.
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https://www.kansascityfed.org/research/economic-bulletin/the-changing-investor-composition-of-us-treasuries-part-2-whos-buying-us-treasuries/
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https://www.kansascityfed.org/documents/11009/EconomicBulletin25SenguptaJacobs0709.pdf
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Provider: Federal Reserve Bank of Kansas City
Part of Series: Economic Bulletin
Publication Date: 2025-07-09
Pages: 4