Fed's big move could help U.S. Treasury liquidity, but effects may not last long
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NEW YORK (Reuters) - The Federal Reserve's unparalleled steps to directly backstop the U.S. economy and its willingness to purchase vast sums of U.S. government debt, mortgage-backed securities and even corporate bonds could help boost depleted liquidity in the $17-trillion (£14.73 trillion) Treasury market. But the disastrous impact of the runaway coronavirus on financial markets will continue to impair price-making in Treasuries even if the Fed buys the entire U.S. debt market, analysts said,..