You’re All Whales in Bond Market Now With Trading Volume Slump
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It’s getting easier for a smaller group of bulls in the U.S. Treasury market to create angst for the bears.
That’s because government-debt trading volumes have slumped to 18 percent below the decade-long average, Federal Reserve data show. As Brean Capital LLC’s Peter Tchir wrote this week: “There is no liquidity even in the mighty Treasury market.”