Treasury’s Elite Bond Dealers Will Struggle to Handle $50 Trillion Debt

Treasury’s Elite Bond Dealers Will Struggle to Handle $50 Trillion Debt
It was once the club every Wall Street institution wanted to join: the elite network of primary dealers who serve as gatekeepers of the world’s biggest and most influential bond market, US Treasuries. Not so much anymore. Just as America’s debt load is poised to balloon beyond already-record levels, a variety of forces has made membership in this vital cohort... ...

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