In the last year there have been several academic papers written about the market structure of the US Treasury market. As the most important fixed income market it is great to see so much discussion around the topic of its market structure and improvements that can be made.
Most of these papers were written in light of the price volatility in March 2020, but their insights and recommendations are important regardless of recent events. Below are the blog post reviews I wrote of what I felt were the three most interesting of the papers:
