Pandemic Treasuries market calmed quickly – research

dallas-fed
The Federal Reserve Bank of Dallas
Photo: Andreas Praefcke

The Covid-19 pandemic did not cause long-term disruptions to the market for long-term Treasuries, research published by the Federal Reserve Bank of Dallas.

Michael Tindell and Michael Perez looked at demand for 10-year Treasuries, using data on the bid-to-cover ratio.

They also created an artificial index to measure the “tail,” which “is the highest yield accepted at auction less the security’s when-issued yield [yield on forward markets] immediately before the auction’s conclusion”.

A

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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking 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: