“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,” Bloomberg reports. “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 less coveted.“

Topics:  wall street   treasuries bloomberg    not   america s   elite   bond   dealers   debt   

 

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