The Federal Reserve’s sprint to roll back stimulus amid concerns that higher inflation could become more stable is underscoring the need to improve the resilience of the US Treasury market, according to a report prepared by former senior policymakers.
The Group of 30, an independent group of central bankers, financiers and current and past regulators, released the report to highlight the status of the recommended overhaul in the $23 trillion market for US government debt. The report followed an initial set of recommendations issued last year to reduce the risk of Treasury market crack,