If limit of primary dealer balance sheet capacity was a key factor driving March US Treasury market turmoil, it was a problem that had been building up over time. Broker-dealer holdings had been elevated since 2018!
bis.org/publ/arpdf/ar2…
v.
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…