[Money Markets: < 1 Year Maturity] <---> [Liquidity & Funding Infrastructure] | v [Bond Markets: > 1 Year Maturity] <---> [Capital Formation & Duration Matching] Yield Curve Dynamics
Across the floor, Javier Ortega ran the Money Markets desk. His world was the plumbing—the silent, trillion-dollar arteries of repurchase agreements, commercial paper, and Treasury bills. While Elena watched yields, Javier watched . [Money Markets: [Liquidity & Funding Infrastructure] | v
The money market is the wholesale arena for short-term debt instruments (maturity typically less than one year). It is the market for liquidity itself. Key instruments include: trillion-dollar arteries of repurchase agreements
The first trade of the Asian session was a sell order: $2 billion in 10-year U.S. Treasuries. No bid. Then another. Then a cascade. [Money Markets: [Liquidity & Funding Infrastructure] | v