Treasury Traders Becoming ‘24 Hour Party People’
- Overnight session is getting busier, bank's analysts write
- Futures market picks up volume as balance sheets shrink
The New York Stock Exchange.
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If your idea of a party is staring at a computer screen in the middle of the night in New York, JPMorgan Chase & Co. analysts have a market for you.
The $13.2 trillion Treasuries market is getting pushed around more by global developments, the analysts wrote in a note titled “24 hour party people redux: Global liquidity in U.S. Treasury futures.”