End of Easy Money Brings a $410 Billion Global Financial Shock.

(Bloomberg) -- The global shift away from easy money is poised to accelerate as a pandemic bond-buying blitz by central banks swings into reverse, threatening another shock to the world's economies and financial markets. Investors fear the unknown as liquidity is drained from bond markets that have been flooded with central-bank money over a period that stretches back to the 2008 financial crisis. The U.S. central bank will achieve this by letting its holdings of government bonds and mortgage-backed securities mature, rather than actively selling the assets it bought. [Extracted from the article]