Economic analysis
Analysis from specialist economic sources, with dates and links to original reports.
FEDS Note: Treasury Issuance and Dealer Balance Sheets
Jonathan Glicoes, Lubomir Petrasek , Zack Saravay , and Mary Tian Primary dealers play an important role as intermediaries in Treasury securities and repo markets, and demand for their intermediation rises on issuance dates. Recent increases in Treasury issuance have raised questions about dealers' capacity to meet this increased demand.
FEDS Note: Government Bonds’ Safe-Haven Property and Inflationary Pressures
Canlin Li and Emre Yoldas Earlier this year, escalation of the conflict in the Middle East resulted in sharp declines in major stock indexes as energy prices rose and the global economic outlook deteriorated, but prices of long-term government bonds in major advanced economies also declined (Figure 1). This prompted some commentators to question the premise that government bonds in these major advanced economies…