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Bill Dudley: The U.S. Treasury Market Still Needs Fixing


The Fed's new repo facility is a good first step, but not enough.The market for U.S. Treasury securities is a lynchpin of global finance, providing funds for the government, a safe place to park money and a benchmark for interest rates everywhere. Yet on too many recent occasions, this crucial market has malfunctioned, unnerving investors

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Posted: July 29, 2021 Thursday 07:58 AM