Quantitative Tightening Effects

Everyone is aware of rising interest rates which are the conventional tool with which central banks try to reduce inflation. There is less discussion of another tool which is Quantitative Tightening. After multiple rounds of Quantitative Easing where central banks bought government debt they now have bloated balance sheets. How are they going to get rid of those bonds, and what will the effects be? That’s the story of QT and it’s a step into the unknown.