Fixing the bond market structure: A priority for the Biden administration?
Is a centralised solution better for everyone?
Jiří Król of the Alternative Investment Management Association
The events of March 2020 demonstrated some significant fragilities in the US capital markets. This was not unexpected.
That all was not well in the largest and most liquid government bond market was clear in September 2019 when stresses in the Treasury repo markets led the Federal Reserve to intervene to ease pressures...
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