In this episode, Darrell Duffie (Stanford) discusses stresses in the Treasury market with Lou Crandall (ICAP), Ken Garbade (published author), and Barbara Novick (Blackrock). This market has a huge impact across the financial system—from determining the borrowing costs for governments to serving as a key benchmark within the financial system to helping to keep credit flowing to people who need it.

The views expressed on LaSalle Street are the speakers' own and do not necessarily reflect the views of the Federal Reserve Bank of Chicago or the Federal Reserve System.