Yesha Yadav on the Galactic Risks of the US Treasury Markets
Macro Hive Conversations With Bilal Hafeez
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What's Wrong With the Treasury Market?
The treasury market is fundamentally broken in ways that are being experienced in a very real way. The standard assumption that guides, treasuries below is that they are the most risk-free asset. But this market is like any other market. It comes with a whole host of traditional problems that have beset marketplaces. This has become postfrankmaking in the UK following the financial crisis and EU as well. And we're asking it to keep us alive by funding our everyday lives.
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