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What's the Underlying Cause of the Volatility in the Treasury Market?
The most recent bout of Treasury market volatility is the healthiest we've had in 10 years, says John Defterios. The last time there was such a big sell-off for Treasuries it led to repo madness and flash yields swings. But this time around dealers have not been able to make markets in a very liquid and safe asset -- that's weird, defterios says.