The only thing that cooled out the chaos on the $29 trillion Treasury market at the end of last week, according to the Financial Times, was Boston Fed President Susan Collins’ targeted remarks reassuring the markets that the Fed was ready to pump in liquidity to prevent a meltdown. “Treasuries dropped on Friday [April 11] in volatile trading, as market participants warned of growing strains in the $29 trillion market for U.S. government debt,” the FT noted. But then, “the yield later reversed some of those gains to trade at 4.48% after Boston Fed President Susan Collins told the Financial Times that the U.S. central bank ‘would absolutely be prepared’ to deploy its firepower to stabilize financial markets should conditions become disorderly.”