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During the COVID-19 crisis, Treasury market liquidity deteriorated more than expected in a "dash for cash" as investors sold bonds to raise money.

Explanation

True. During COVID, "market liquidity deteriorated by much more than expected; dealers and other intermediaries' capacity to buy Treasury debt was overwhelmed by selling of Treasuries by investors who...

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This question is part of Treasury bond selloff pushes 30-year yields toward 5% amid global debt concerns. 5 more questions available.