‘Tiny ticking time bombs’ threaten market – Art Cashin

MarketsInsider/Filip DeMott/3-3-2023

“The Fed has stopped being an aggressive buyer of US Treasuries. And if the Japanese people stop being an aggressive buyer, that’s going to force rates and yields higher too,.” – Art Cashin

USAGOLD note: With attention riveted on rates, Cashin says people are overlooking the problems posed by the Fed’s ongoing quantitative tightening program.

US Treasury securities held by the Federal Reserve
Sources: St. Louis Federal Reserve [FRED], Board of Governors of the Federal Reserve System (US)