Yesha Yadav on the Galactic Risks of the US Treasury Markets
Macro Hive Conversations With Bilal Hafeez
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What Does This Mean for US Treasuries?
"If we don't solve the problem, we are bound to see repeats of it," he says. "What does this mean for treasuries as a safe asset going forward? And then what does it mean for all this entire regulatory system in financial regulation and securities markets?" He adds: "I have no doubt that if we stay with the market structure we have today, the problems are going to keep happening."
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