It's getting quiet in the Treasuries market.
U.S. government-debt trading at Wall Street's biggest banks has fallen 8 percent since the end of October from the comparable period last year, according to Federal Reserve data. It's down for the year, too, even with an unprecedented one-day surge in activity on Oct. 15.
While slow markets have pretty much always been bad for banks because they usually profit from more trading, the implications may be far greater this time.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.