Another Sign Liquidity Is Drying UpMark Melin
As regulatory burdens have pared back the appetites of large banks and primary bond dealers in the “off-the-run” US Treasury market, bond liquidity has suffered and transaction costs, most notable in wider bid-ask spreads, have increased. Institutional investors in the $14 trillion government debt market are looking for alternatives, Greenwich Associates Kevin McPartland notes in a recent report.
As adjustments to . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible