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BUZZING· 74%15m·2023-09-19·Money
BUZZING· 74%15m·2023-09-19·MoneyBasis trade freakout (low key)
Unhedged
Hedge funds are piling into the basis trade — a bet on the difference between the price of Treasuries and the price of Treasury futures — and they are levering up, too. Today on the show, we ask: Are we watching genius at work? And if not, how much is this all going to cost? Also, we go long all the other central…
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