Odd Lots
Odd Lots
Bloomberg
Why Treasury Market Spasms That Shouldn't Happen Keep Happening
51 minutes Posted Apr 8, 2021 at 1:00 am.
0:00
51:57
Download MP3
Show notes

The U.S. Treasury market is the biggest, most liquid market in the world. Its smooth functioning is also crucial to the economy and the financial system. Yet it keeps experiencing bizarre, seemingly inexplicable bouts of volatility. We saw it in February. We saw it big time last March. And we saw it multiple times in recent years before then. On this episode, we speak with Yesha Yadav, a professor at Vanderbilt Law School, who argues that these episodes can be explained by the inadequate patchwork of regulations governing this market.