March Madness: How The Treasury Market Blew Up

Over the past several weeks, central banks globally have been keen to emphasize the extent to which many of the emergency actions taken are necessary to ensure the smooth functioning of their respective government bond markets. In mid-March, the US Treasury market effectively "broke", leading to all manner of RV blowups and various dislocations, discussed here at length on too many occasions to count. Treasury market liquidity was severely impaired, and the situation was exacerbated by a fire

Get the best daily market and macroeconomic commentary anywhere for less than $7 per month.

Subscribe today

Already have an account? log in

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints