RT @ForeignPolicy: The firewall between politics and monetary policy has once more been breached, FP’s @adam_tooze writes. https://t.co/FI…

Mutual funds own 1/6 of US corporate bonds. They perform maturity transformation by offering daily redemption despite holding assets that are quite illiquid, particularly in

Limits on dealer balance sheet capacity were a key factor in March 2020 turmoil. JP Morgan likes to say that this is result of post-GFC