disparities between yields

These disparities between yields on bonds with similar maturities underscore the need to better understand the mechanisms that affect liquidity. This begins with gauging the state of primary dealers, which bid in auctions on behalf of clients and support liquidity in secondary markets and are the main intermediaries of major government bond markets. Most are subsidiaries of large banks. Many have sizable balance sheets that can warehouse bond inventory and provide clients with financing. สล็อต