US Authorities Release Findings on October '14 Treasuries Crash
Advise greater data access, interagency coordination.
The full report — while not identifying precisely what caused a 12-minute bout of chaos across many of the world's most liquid bond instruments that day — has accounted for a number of critical circumstances that left both markets and overseers perilously out of control.
As the balance was explained in the executive summary,
By many metrics, the liquidity and efficiency of trading in the treasury market are as robust as they have ever been. For example, bid-ask spreads have remained steady at
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