Inside the week that shook the US Treasury market
Rates traders on the “scary” moves that almost broke the world’s safest and most liquid investment
US Treasury dealers were close to hitting the panic button on the morning of Wednesday, April 9.
A poorly received three-year note auction the previous day had raised serious questions about whether US Treasuries could provide a safe haven from the potential fallout of an escalating global trade war. Investors began dumping Treasuries at a rate that threatened to overwhelm dealer capacity. The big
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