The gravity of the sale of U.S. government bonds last week rekindled concerns about the health of the world’s largest and largest debt market, heightening the urgency of regulators’ efforts to address cracks that emerged during periods of stress.
The $ 21 billion U.S. government debt market started 2021 on the back foot, as investors began to assess a big economic recovery, the possibility of faster inflation, and hence the outlook for it. the Federal Reserve could start raising interest rates sooner than expected. But the liquidation accelerated sharply last week, as Treasury yields skyrocketed as normally easy market trading conditions deteriorated markedly.
“You never like to see liquidity dry up like it has. It is always worrying to see this in what is supposed to be the largest and most liquid market, ”said Mike Gladchun, US Rate Manager…
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- Headline: Swing in U.S. Treasuries heightens worries about health of $ 21 billion market
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