Description: Considering the trillions of dollars of Treasury bonds the federal government has been selling to pay for its budget deficits, you’d expect there to be plenty of them for use by dealers in the financial markets. Instead there’s a drought, one that’s likely to get worse before it gets better, and it’s already interfering with the functioning of what an adviser to the Treasury Department in a recent document called “the silently beating heart of the market.”
Date: August 29, 2013
Questions for Discussions:
- Explain the role of treasury and the affect it is currently having on markets, according to the report.