BLOODBATH IN US TREASURIES CONTINUES
dollar squeeze as well, especially in Japan
somebody is getting liquidated, or perhaps this is the blowup of the basis trade that many have been warning about, including the BIS most recently: https://www.bis.org/publ/qtrpdf/r_qt2309w.htm
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“…the current build-up of leveraged short positions in US Treasury futures is a financial vulnerability worth monitoring because of the margin spirals it could potentially trigger.”
Thanks for the share. Good report.