Yesha Yadav on the Galactic Risks of the US Treasury Markets
Macro Hive Conversations With Bilal Hafeez
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How to Fix the Treasury Market?
If you were in charge of all regulation, what say three things to fix the treasury market? The number one thing that I would implement is more affirmative market-making obligations on key second-year market makers. We're talking about the treasury market which is the shock absorber to every other market. But how is it going to function under stress when there's no one there to trade in it?
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