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``To address upcoming borrowing needs and further enhance liquidity in the Treasury market, Treasury will reopen multiple securities which have created severe dislocations in the market, causing acute, protracted shortages,'' he said.
Treasury markets have been struggling with elevated numbers of transactions that don't settle properly, called failed trades or fails, in part because U.S. government securities have been in such high demand.
Originally posted by mrsdudara
so..........where did the $700B come from then?????? If we dont have the money to cover these?
Originally posted by redhatty
I noticed on tickerforum that they were talking about how after the interest rate drop, the LIBOR was so inverted it was ridiculous.
I think once that was noticed the market reacted accordingly.