One of Bill Clinton’s top advisers memorably said that he would like to be reincarnated as the bond market “because you can intimidate everyone”. But in recent years, the most powerful fixed-income market of all has been scaring its own regulators.
The $26.5tn US Treasury market is the biggest and most liquid in the world and Treasury securities are held by investors and…
This story from ft.com was posted on 2024-03-04 by @autumndew.