Amundi Gradually Purchasing 2-Year U.S. Treasuries Amid High Oil Prices

International oil prices have surpassed $100 per barrel, prompting a report that European asset giant Amundi is gradually purchasing two-year U.S. Treasury bonds. Bloomberg reported on April 14 that Amundi has begun buying the securities in anticipation of potential economic stagnation in the U.S. due to high oil prices. The firm manages $280 billion (approximately 376 trillion won) in assets. Odele, citing Bloomberg, noted that Amundi views high oil prices and rising borrowing costs as risks to U.S. growth, with the Federal Reserve potentially facing difficulties in raising interest rates further amid inflation concerns.