Speculating about speculators
Money market allocations, bond/futures basis and ONRRP - not boring, really
Recent investment flows at the very front-end of the Treasury market have a couple of discrepancies. So far, so boring, you say. Well, perhaps not boring. Discrepancies raise interesting questions. One question may be: “are these flows related to the financial stability concerns expressed by the Fed and the BIS among others?” Specifically, do discrepanc…
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