MMI Blog – Dwarf Planets and Real Liquidity

MMI Blog – Dwarf Planets and Real Liquidity
This week, the New Horizons space probe capped a nearly decade-long mission to explore Pluto up-close.  Back on Earth, five government agencies concluded their up-close look at the U.S. Treasury market event last October.  Separately, these news events prompted those who still see Pluto as a planet, and those who still see principal trading firms (PTFs) as erratic market participants, to take interesting views of the facts presented.