There is more than one Fed put.Early this month, I wrote about the one that saved equity markets. It's also one that backs the real economy and is the one that 99% of financial commentary is written about, particularly lately.What worries me is the other one: It's the call on the Fed or other central bankers to buy bonds when liquidity disappears. The most-forgotten moment of the pandemic was when Treasury yields shot higher as the fears peaked in March 2020. That went against everything the fundamentals were pointing to (and ultimately did).That episode was symptomatic of a Treasury market with way too much leverage. It's something that Zero Hedge writes about today: The basis trade. As the
Hence then, the article about the basis trade remains an accident waiting to happen was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( The basis trade remains an accident waiting to happen )