Market structure and liquidity in the U.S. Treasury and agency mortgage-backed security (MBS) markets: Mortgage Bankers Association National Secondary Market Conference and Expo, New York City, May 2016

Speech

Abstract: Remarks at the Mortgage Bankers Association National Secondary Market Conference and Expo, New York City.

Keywords: Fixed income market liquidity; MBS markets; structural changes; market evolution; Treasury Market Practices Group; flash rally; trading; price efficiency; automated markets; bid-ask spreads; electronic trading; automated trading; liquidity illusion; phantom liquidity; public sector ownership;

Access Documents

File(s): File format is text/html https://www.newyorkfed.org/newsevents/speeches/2016/wue160517
Description: Full text

File(s): File format is application/pdf https://www.newyorkfed.org/medialibrary/media/newsevents/speeches/2016/wuerffel-160517.pdf
Description: Exhibits

Provider: Federal Reserve Bank of New York

Part of Series: Speech

Publication Date: 2016-05-17

Number: 210