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The Troubles in the Treasury Market
The first big boat of instability in the treasury market i think it's September of 2019 and then in march of 220 with the pandemic yet you may remember that the financial markets including the treasury market basically fell apart. The u.s. government and the fed in particular had to come in with huge numbers of programs to bail everybody out. There were accusations at the time that thefed was buying up bonds that were basically junk or you know buying um ETFs that had fallen angels in them but it was they they really became the market maker of last resort.