Yesha Yadav on the Galactic Risks of the US Treasury Markets
Macro Hive Conversations With Bilal Hafeez
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Can We Disentangle the Two?
Trying to disentangle the two is proving to be a very complicated task. It has been suffering problems since 2014, when it became clear that the flash rally happened. Regulators did not have a full picture of what was going on. The traditional safeguards that might protect that market don't exist in the systematic framework. Now they do because private actors will do it themselves.
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