[author-bio] The market for U.S. Treasuries has long been viewed as the world’s most liquid and deepest financial market. That presumption was questioned when the COVID-19 crisis triggered heavy investor demands for trading that overwhelmed the capacity of dealers who usually serve as middlemen in this market. Over several tense days in March, yields rose sharply, … Continue reading Still the world’s safe haven? Redesigning the U.S. Treasury market after the COVID-19 crisis