Treasury liquidity is evaporating as traders need it most — endangering a $50 trillion debt market

· *Liquidity in the Treasury bill market plummeted to record lows this week, according to JPMorgan, posing a threat to the popular safe haven and the trillions of dollars linked to US bonds.*
· *Treasury yields serve as a benchmark for emerging market debt, mortgages, and several other fixed-income assets.*
· *A liquidity...