3 ms·
> Central banks FX reserves make up only a sliver of the demand for long bonds (5+ years of maturity). The average Treasury bond duration is about 60 months, a
by fennecfoxen 6y ago
> Central banks FX reserves make up only a sliver of the demand for long bonds (5+ years of maturity).
The average Treasury bond duration is about 60 months, and falling, so that's still half the bonds we're talking about (and rising).