News

"Episodes of market dysfunction are not only likely to continue but to occur with increasing frequency" unless market-making capacity for Treasuries trading is increased or the U.S. halts the rapid build-up of its debt outstanding.

Permanent repurchase-agreement facilities, one for domestic firms and another for foreign firms, will backstop money markets.

Biden should convene Cabinet leaders to address issues like Social Security, Medicare, and long-term care.

She sees risk of default as early as October, if Congress fails to act on a debt-limit hike when the two-year suspension ends on Saturday.

Upcoming numbers releases could indicate where Fed is going next.

SOFR is replacing LIBOR as the floating leg on all linear swaps, swap spreads, and curve trades in the interdealer market.