2024-07-11 11:11:23 +0300
JPMorgan’s Josh Younger Explains Why the Bond Market Keeps Getting Shocked
Bloomberg
By Tracy AllowayBonds have settled down since their big moves last month, but they leave behind them lingering questions over the functioning of the world’s most important market at a time when the Federal Reserve is winding down its own debt purchases.
AD
AD
US Treasuries form the risk-free rate against which other assets are judged. The market is supposed to be the most liquid in the world, with US government bonds treated the same as cash under banking rules imposed in the aftermath of the financial crisis. But in recent years, US Treasuries have been anything but boring, posting outsized moves and sparking government inquiries into the resiliency of the overall market.
Continue read on bloomberg.com