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If trading bonds is tough, think about the pain when rates rise

Less depth lately has meant greater volatility. So US Treasuries may be prone to more disruptions
Wednesday, February 4, 2015 - 05:50
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The implications of a less liquid US Treasury market extend beyond Wall Street.

New York

TRADING US Treasuries keeps getting tougher and tougher.

For decades, the US$12.5 trillion market for US government debt was renowned for its "depth": Wall Street's way of talking about a market's ability to handle large trades without big moves in prices.

But