WTF Just Happened in The Bond Market?
Last night saw a large and sudden spike in the US 2 year treasury yield. This occurred during premarket trading, on a day following "quad witching" and with Japanese markets closed for a holiday. It appears there may have been a liquidity transient in one of the most important financial assets in the world and the financial press is radio silent on the issue.
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#BondMarket #Liquidity #RepoMadness
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