Measures of liquidity are flashing red in the US Treasury market. How serious is the risk of a 2020-style malfunction

Measures of liquidity are flashing red in the US Treasury market. How serious is the risk of a 2020-style malfunction that could threaten global financial stability? Chartbook Newsletter #172 on the question keeping US regulators up at night.
adamtooze.substack.com/p/chartbook-17… https://t.co/P1ZsC6TBCu

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