Rates strategists Jay Barry and Phoebe white discuss trends in Treasury market liquidity. Trading volumes have increased, market depth and microstructure data indicate improved liquidity as well, but off-the-run dispersion has increased, and dealer inventories have climbed recently. Overall Treasury market functioning seems to be sitting at post-pandemic averages.
Speakers:
Jay Barry, co-head US Rates Strategy
Phoebe White, US Rates Strategy
This podcast was recorded on June 21, 2024.
This communication is provided for information purposes only. Institutional clients can view the related report at: https://www.jpmm.com/research/content/GPS-4724030-0. For more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2024 JPMorgan Chase & Co. All rights reserved.
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