id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
cblr-11900	Menand, Lev; Younger, Joshua	Money and the Public Debt: Treasury Market Liquidity as a Legal Phenomenon	2023	114	.pdf	application/pdf	40291	2260	56	As a result, numerous dealers (preferentially from “large organizations”) had “no problem in obtaining all of the credit needed from money market banks (even in periods of money stringency).” In March of 2020, as the COVID- 19 pandemic spread, Treasury markets became so impaired that simple transactions were difficult (if not impossible) to execute.6 Prices dropped rapidly even as investors moved toward, not away from, low-risk assets.	cache/cblr-11900.pdf	txt/cblr-11900.txt