NEW YORK, March 26 (Reuters) - The U.S. Treasury market continues to function well amid a sharp rise in uncertainty, the official responsible for implementing Federal Reserve monetary policy said on Thursday.
“The important thing” is that the government bond market is still working and some of the weakness of recent auctions and a decline in liquidity appear to track the notable rise in uncertainty faced by investors, said Roberto Perli, manager of the System Open Market Account, in an appearance in New York.