Liquidity events becoming more common, buy-siders claim

US Treasury market has seen eight intraday moves exceeding five standard deviations since 2012

Drops in the ocean? Some claim large liquidity events are becoming more frequent

Ask any asset manager about liquidity in the rates market and the conversation will, sooner or later, turn to the sudden melt-up in Treasury yields on October 15, 2014.

"There have only been a couple of times that I've seen anything remotely close to it," says Lundy Wright, a partner and portfolio manager for interest rate strategy at Weiss Multi-Strategy Advisers, a hedge fund in New York (Risk December 2014).

No less than five US regulatory agencies, including the Federal Reserve Board and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here