Liquidity Event

Published on September 18, 2023 by Premium

The potential for a replay of a March 2020 liquidity event in markets is on the rise as the rate of growth of debt continues to far exceed growth in the market's capacity to provide liquidity. The latest Fed financial accounts data show that dealer warehousing capacity has trended higher but still remains notably below GFC levels seen over a decade ago. At the same time, the level of corporate bonds, Agency MBS, and Treasuries […]

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