Liquidity is in the world’s biggest bond market, except when you really need it

Bond traders have been saying for years that liquidity is there in the world’s biggest bond market, except when you really need it.

Last week’s startling gyrations in U.S. Treasury yields may offer fresh backing for that mantra, and prompt another bout of soul-searching in a $21 trillion market that forms the bedrock of global finance.

Bloomberg 2 March 2021


https://www.bloomberg.com/news/articles/2021-03-02/a-21-trillion-treasuries-mystery-is-bedeviling-global-markets

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