15 March 2020
When the world’s biggest debt market starts having major liquidity issues, investor panic rises to a whole new level.
On March 12 and 13, after about a week of extraordinary dysfunction in the US Treasury market, the Federal Reserve issued a major crisis response, expanding Treasury purchases and repurchase operations to boost liquidity and shore up so-called risk-free assets.
Will it be enough to fix the Treasury market? Here’s our take.
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