G30 warns US Treasury market remains vulnerable
The Group of 30 think-tank warns the US Treasury bond market remains vulnerable to a rerun of the March 2020 ‘dash for cash’.
In an updated study on Treasury market reform, the group says regulators need to take more action to fix the market’s flaws. The report identifies ongoing problems in the way regulations are specified and the design of market infrastructure.
“We are in a less certain and more dangerous world,” said Timothy Geithner, former US Treasury secretary and chair of the G30
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