01876cas a2200277 a 4500 AALejournalIMF015557 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513576220 1018-5941 BD-DhAAL BD-DhAAL Bouveret, Antoine. Fragilities in the U.S. Treasury Market : Lessons from the 'Flash Rally' of October 15, 2014 / Antoine Bouveret, Peter Breuer, Yingyuan Chen, David Jones. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (44 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Changes in the structure of the U.S. Treasury market over recent years may have increased risks to financial stability. Traditional market makers have changed their liquidity provision by increasingly switching from risk warehousing to risk distribution, and a new breed of market maker has emerged with the rise of electronic trading. The 'flash rally' of October 15, 2014 provides a clear example of how those risks can materialize. Based on an in-depth analysis of the event-complementing the authorities' work-we suggest i) providing incentives for liquidity provision, ii) improving market safeguards, and iii) enhancing the regulation of the Treasury market. Mode of access: Internet Breuer, Peter. Chen, Yingyuan. Jones, David. IMF Working Papers; Working Paper ; No. 2015/222 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/222/001.2015.issue-222-en.xml IMF e-Library