The $21tn US Treasuries sector

In March 2020, as Covid-19 hit the west, Treasury prices went haywire as market liquidity collapsed. 

That was shocking in a sector that is normally “the largest and most liquid government securities market in the world”, according to the Federal Reserve.

Fed officials eventually unblocked the market with unprecedented interventions

Last week, the markets started to gyrate alarmingly again amid inflation concerns

Gillian Tett FT 4 March 2021


https://www.ft.com/content/375e447e-4d69-4817-b00c-a472b06ec3f3


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

https://englundmacro.blogspot.com/2021/03/iquidity-is-in-worlds-biggest-bond.html

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