BOND MARKET MANAGER

A Central Banking Simulation

The Reserve Currency Game

You are Chair of a fictional central bank that issues the world's reserve currency. Eight quarters. Twelve voters. Twelve territories. Pull one lever and the world tips — strengthen your currency and emerging markets buckle, weaken it and inflation runs. Help domestic workers and foreign bond buyers walk away. Every decision ripples across the map.

All committee members, news outlets, and characters in this game are fictional and used for educational play. The simulation is inspired by the structure of real central banks, but no character represents any real person, and no quote attributed to any character has been said by any real official.

Standard: real-world starting macro. CPI 3.3%, UE 4.3%. Balanced shocks. Default polCap 5.
Stage
A fictional educational simulation. Starting macro conditions are illustrative, not real-time data.

Strategic Board 12 territories tracked

Place markers:
Prosper
Stable
Stress
Crisis
Conflict
UST size
Capital → USD
Δ this Q

Yield Curve +47bp

Dual Mandate Map

UNEMP → ↑ CPI

Bond Market Health

82
FUNCTIONING
LiquidityNormal
MOVE Index96
Auction tail0.8bp
Foreign bid22%

Foreign UST Holdings

Stacked area: foreign sovereign holdings of US Treasuries by country, evolving each quarter. Strip below: currencies vs USD (red = weakening).

Committee — Hawk vs Dove Spectrum — / —

Each marker is a voter, positioned by their dove–hawk lean. Color shows their vote. Tap any marker for the dossier.