Core Viewpoint - The article discusses the limited capacity of money market funds to absorb the long-term bond supply from the Trump administration, indicating potential challenges in the bond market [1] Group 1: Market Dynamics - Money market funds are facing constraints in their ability to take on additional long-term bonds issued by the U.S. government [1] - The supply of long-term bonds is expected to increase, but the demand from money market funds may not keep pace [1] Group 2: Implications for Investors - Investors may need to consider alternative strategies as the absorption of long-term bonds by money market funds is limited [1] - The situation could lead to increased volatility in the bond market as supply outstrips demand from traditional buyers [1]
美国银行:货币基金消纳美国特朗普政府长端债券供应的空间有限