Lorie Logan on Monetary Policy Operations, the Fed’s New Standing Repo Facility, and the Future of the Fed’s Balance Sheet
Macro Musings with David Beckworth
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The Future of Treasury Markets
There are four themes that have resonated with my own experience from the studies that we've seen come out. We know one common theme is that the us Treasury market has grown so much, and it's really outpace the growth in dealer intermediation capacity. And i think this can result in more frict s across markets, particularly in times of stress. Real time data on positions and flows in the us. Treasuries are still pretty limited, and that reduces visibility for both market participants and for the official sector. It's important to keep in mind the vulnar abilities, cause i think we want to be addressing these directly.
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