Basis Trade Blow-up: The REAL Culprit behind the Bond Market Chaos?
By Jen Saarbach & Kristen Kelly, Co-Founders of The Wall Street Skinny There’s been considerable speculation that last week’s bond market chaos wasn’t caused by a loss of confidence in U.S. assets due to tariff policy announcements. Rather, some argue, massively levered hedge funds unwinding something called “the basis trade” was perhaps to blame. Bloomberg […]