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Stock impact report

U.S. Treasury liquidity on the mend, but without Fed remains fragile [Reuters]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
Company Research Source: Reuters
U.S. Treasury liquidity on the mend, but without Fed remains fragile NEW YORK/BOSTON, April 7 (Reuters) - Some measures of liquidity in the $17 trillion U.S. Treasury market are almost back to normal, thanks to the Federal Reserve’s giant purchases, after drying up two weeks ago at the height of the coronavirus panic, but trading conditions remain challenging. Without the Fed’s intervention, analysts were concerned that liquidity would break down and market volatility would spike again. Through myriad programs, the Fed has bought more than $1 trillion in U.S. Treasuries over the last three weeks. “The market is still very sensitive to how much the Fed is going to buy, whether now or the next couple of weeks,” said Gennadiy Goldberg, senior rates strategist at TD Securities in New York. “If the Fed were to come in and cut the purchase sizes significantly, then the market would once again get pretty unstable. It’s a very tenuous type of improvement,” he added. A key indicator that inves Show less Read more
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