February’s US Treasury market activity in review

In our review of February’s rates markets, we look at trading in US Treasury securities which saw a significant sell-off at the end of the month. The shift in repricing to the front end of the yield curve was the defining issue in February’s rates markets, says Greg Faranello, head of US rates strategy and trading at AmeriVet Securities, and price action in the market appears to challenging the Fed’s premise.

Lessons to take forward include a review of market structure, with a need for a broader-based and more inclusive sponsorship of the Treasury market in the future to underwrite the ton of debt being issued.

Published on March 25, 2021

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