Liquidity and recent changes of government securities market in the United States, the United Kingdom and Japan
DOI:
https://doi.org/10.55439/GED/vol1_iss6/a533Keywords:
Government securities, bond market, dealer, repo markets, benchmark, primary markets, market participants, dash for cash, market liquidity, the COVID-19 pandemic, bid-ask spreads, debt management offices.Abstract
this article examines recent developments in the structure and liquidity of the major government bond markets
(US, UK and Japan) and examines the liquidity of the government bond market (and related repo and futures markets),
including changes in the behavior of bonds changes were analyzed. In particular, the participation of various market participants
(especially dealers) and the factors of market participants’ behavior were studied, as well as the factors ensuring
the stability of government bond markets were determined.
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Published
2023-06-30
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