Treasury Market Liquidity Since April 2025 (FRBNY)
The authors examine the evolution of U.S. Treasury market liquidity over the past year, which has witnessed myriad…
The authors examine the evolution of U.S. Treasury market liquidity over the past year, which has witnessed myriad…
In U.S. public equity markets, two trading firms-Citadel Securities and Virtu Financial-help execute around 70% of…
This report examines how auction design affects outcomes across major carbon markets and offers guidance for…
A common feature of flash crash episodes in financial markets is that liquidity vanishes precisely when it is most…