The Zhitong Finance App learned that at a time when US long-term treasury yields have remained high for decades, Barclays believes that in addition to inflation, fiscal deficits, and an increase in the supply of treasury bonds, a deeper change in the US bond market is driving up long-term financing costs. The US bond buyer structure has clearly moved from official institutions such as the Federal Reserve and foreign central banks to mutual funds, households, and other private investors who value return on investment more.

The Zhitong Finance App learned that at a time when US long-term treasury yields have remained high for decades, Barclays believes that in addition to inflation, fiscal deficits, and an increase in the supply of treasury bonds, a deeper change in the US bond market is driving up long-term financing costs. The US bond buyer structure has clearly moved from official institutions such as the Federal Reserve and foreign central banks to mutual funds, households, and other private investors who value return on investment more.