The rise in prices in the US government bond market is counter-intuitive

The trading climate in the $22tn US government bond market has become less hospitable, adding to choppy moves in securities that act as a foundation of the global financial system.

Liquidityhas deteriorated in recent weeks. That has added to the pressure on regulators to improve a market long viewed as a haven during times of trouble.

FT 10 November 2021

https://www.ft.com/content/ede12db9-0261-4c7e-8f6f-b61de57b2383


US government debt is a safe haven the way Pearl Harbor was a safe haven in 1941.

Niall Ferguson FT February 10 2010


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