---
title: Treasury Market Liquidity Evolution in 2023
url: https://www.ml-quant.com/papers/ssrn/4605041/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4605041
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4605041
featured: 2023-10-18
citations: unknown
topic: Trading, Microstructure & Execution
---


# Treasury Market Liquidity Evolution in 2023

The article discloses that liquidity conditions in the U.S. Treasury securities market deteriorated suddenly in March 2023 following two banks' failures, but quickly recovered, with liquidity continuing to closely follow the level expected by the path of interest rate volatility.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4605041
- Identifier: SSRN 4605041
- Released: 2023-10-17
- First featured: Quant Letter No. 22 (2023-10-18): https://www.ml-quant.com/issues/2023-10-18/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Trading, Microstructure & Execution

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