Yesha Yadav on the Galactic Risks of the US Treasury Markets
Macro Hive Conversations With Bilal Hafeez
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What the Hell Just Happened in the US Treasury Market?
Belal: Why did liquidity dry up in Treasury markets around that time? Belal, it's like an insanely important question that we're still trying to deal with. One segment is questioning the fact that you have hedge funds which are now deeply involved in the US Treasury market as key parts of the market structure. But there's a larger problem below which is that this market was going to collapse at some point,. Like, it was so institutionally fragile.
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