Preventing the $25 trillion U.S. Treasury market from seizing up in a future crisis, as it did at the onset of the COVID-19 pandemic, could mean having the Federal Reserve on standby for unlimited bond purchases when needed, a new analysis published Friday suggests. "US Treasuries are expected to provide excellent safe-haven services in a 'dash for cash' because of the anticipated depth and liquidity of the market in which they are traded, even during a crisis when many large investors are simultaneously liquidating their Treasuries," Stanford University business school professor Darrell Duffie wrote in a paper presented at the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming. But that didn't happen in March 2020, in large part because dealers simply did not have enough room on their balance sheets to handle the deluge of Treasury sales from investors panicked by the unknowns of a global pandemic.
TOKYO (Reuters) -Bank of Japan (BOJ) Deputy Governor Shinichi Uchida said the central bank will maintain its yield curve control policy from the perspective of sustaining ultra-loose monetary conditions, the Nikkei newspaper reported on Friday. "We want to make the decision from the perspective of how to sustain easy monetary conditions, while taking into account (the policy's) impact on financial intermediation and market function," Uchida was quoted as saying by Nikkei, when asked about the chance of modifying a cap the BOJ sets on long-term interest rates.
As part of the CXO Session, XLRI PGDM(GM) hosted Gopal Krishna, Country Head, Market Function & Product Head – TCS iON, Tata Consultancy Services, Mumbai addressed the students of XLRI.
The session served as a platform for insightful discussions, sharing of best practices, and exploring
XLRI Jamshedpur: Digital transformation includes shift in mindset, culture and operations, says TCS Head Gopal Krishna | Education News | The Avenue Mail