Kazakhstan to Purchase $1 Billion in U.S. Inflation-Protected Treasury Bonds

Kazakhstan plans to buy inflation-protected US Treasury bonds worth a billion dollars to replenish the National Fund, Orda.kz reports, citing Bloomberg.

Deputy Chairperson of the National Bank Aliya Moldabekova confirmed this investment, stating that Trump's policies will slow inflation decline in the US.

These bonds will comprise about 10% of the National Bank's debt portfolio in developed markets. The decision comes as Trump imposes new import tariffs that could accelerate inflation.

Currently, the National Fund holds $59 billion in assets, while National Bank reserves are $47 billion, with $26 billion in gold.

The National Bank has resumed gold purchases and maintains 72% of the Fund in dollar assets, with no plans to increase this allocation.
 
 Original Author: Nikita Drobny