U.S. Treasury market faces structural issues even as liquidity improves

(Reuters) - The recent liquidity crisis in the $17 trillion (13.8 trillion pounds) U.S. Treasury market has exposed structural problems that are unlikely to be fixed any time soon, which could lead to new bouts of volatility and make it more costly for the U.S. government to sell bonds. The bond market all but broke down in March as businesses shut to stop the spread of the new coronavirus, stoking fears about an economic downturn. Widescale selling of bonds to raise cash overwhelmed dealer..