Liquidity deteriorates for U.S. treasuries

Section:

Joe Rennison
Financial Times, London
Monday, November 23, 2015

NEW YORK -- Trading in the world's biggest government bond market has become increasingly challenging as the large banks that support transactions focus on slimming down their balance sheets.

As dealers step back from facilitating the buying and selling of U.S. Treasury debt, a key measure of market liquidity has deteriorated sharply and plumbed a level not seen since the bond rout of 2013, when investors anticipated that the Federal Reserve would start tapering its quantitative easing policy. ...

... For the remainder of the report:

http://www.ft.com/intl/cms/s/0/4f85cb16-9149-11e5-94e6-c5413829caa5.html



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