‘Flimsy’ Treasury market risks ‘large-scale forced selling’ or surprise that leads to breakdown, says BofA
The deepest and most liquid fixed income market in the world is in deep trouble. For months, traders, academics and other analysts have worried that the $23.7 trillion Treasuries market could be the source of the next financial crisis. Then last week, US Treasury Secretary Janet Yellen acknowledged concerns about a potential breakdown in government …
