Joshua Younger on the Treasury Market: Structure, Stressors, and Potential Reforms
Macro Musings with David Beckworth
00:00
Is There Any Stress on the Treasury Market?
The market is quite iliquid by any measure and relative to history. The fundamentals are in play, but it's still an open question as to whether long gem inflation expectations will remain well anchored. But the market looks like it's capable of absorbing that risk transfer from the federal government, an the federal reserve, to the private market without breaking ok.
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