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One effect was that yields on less liquid Treasury bonds soared.
Traders on Monday were already speculating that Japan's institutional investors could sell liquid Treasury holdings to raise cash.
As such, it goes some way to filling the gap left by the now-defunct Special Liquidity Scheme, the crisis facility that allowed British banks to swap illiquid mortgage-backed securities for liquid Treasury bills for up to three years.
LTCM had bet, among other things, that the spread in yields between the most liquid Treasury bonds and other bonds would narrow; last year they widened to levels never seen before.In future the second argument— historical relationships are likely to reassert themselves, causing yield-spreads to narrow again.
Right now foreign central banks are doing much of the job of soaking up these dollars, investing them in safe and liquid Treasury bills.
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Liquid Soul.
Dessert was liquid: Scotch ($12), cognac ($15) and coffee ($3).
Buyer: Kristen Copham Seller: Liquid Capital Holdings Seller's broker: Michael DeCheser, Massey Knakal Realty Services Buyer's broker: Elizabeth Juviler, Tungsten Properties.
In 1986 Goldman Sachs hired Tom as a partner in Fixed Income where he was a co-head of Liquid Capital Markets.
Holley Bishop is the author of "Robbing the Bees: A Biography of Honey, the Sweet Liquid Gold That Seduced the World".
Liquid Soul is a brass-driven, acid-jazz band from Chicago, whose funky live performances are electrically charged.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com