Samim Ghamami on How to Reform the Treasury Market
Macro Musings with David Beckworth
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Understanding the Treasury Market Landscape
This chapter explores the complex structure of the Treasury market, focusing on various regulatory bodies and the recent central clearing mandate by the SEC. It highlights the market's response to public demand for different types of securities, including TIPS and nominal treasuries, while discussing the implications of economic factors such as demographics and globalization. Through analysis of the national debt and liquidity challenges, the chapter emphasizes the importance of these elements for U.S. citizens and the overall resilience of the Treasury market.
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