A growing number of traders, academics, and bond-market gurus are worried that the $24 trillion market for U.S. Treasury debt could be headed for a crisis as the Federal Reserve kicks its “quantitative tightening” into high gear this month. The Fed is doubling the pace at which its bond holdings will “roll off” its balance sheet in September. Some bankers and institutional traders are worried this could set the stage for an economic catastrophe, or worse than the housing bubble of 2004-2007.Read Long Article
