9:00 am EDT - 12:00 pm EDT

Past Event

Are there structural issues in U.S. bond markets?

Monday, August 03, 2015

9:00 am - 12:00 pm EDT

The Brookings Institution
Saul/Zilka Rooms

1775 Massachusetts Ave., NW
Washington, DC

Bond markets are the principal source of credit for businesses and governments in the United States, with almost $40 trillion of outstanding debt. They are also the main mode of investment for pension funds, mutual funds, and many other investors, which is why the safety and efficiency of these markets is, therefore, crucial.

On August 3, the Economic Studies program at Brookings hosted a number of experts to discuss the structure of bond markets in the U.S. and how changes over the last few years are affecting market liquidity, volatility, and overall safety and efficiency. Keynote addresses by Governor Jerome Powell and Counselor Antonio Weiss focused on the Treasury bond market with a panel of experts examining corporate bond markets.

After each session, the speakers and panelists took audience questions.

Brookings Institution Fellow Douglas Elliott (right) moderates a discussion on structural issues in U.S. Treasury bond markets with Federal Reserve Governor Jerome Powell (middle) and Counselor to the Secretary of the U.S. Treasury Antonio Weiss (left). August 3, 2015

Antonio Weiss with Jerome Powell and Douglas Elliott (l-r)

Brookings Institution Senior Fellow Martin Baily moderates a discussion on corporate bond markets with Kashif Riaz, Annette Nazareth, Steve Zamsky and Dennis Kelleher (r-l)

Martin Baily with Kashif Riaz, Annette Nazareth, Steve Zamsky and Dennis Kelleher (r-l)