Hedge Funds Have Made Billions From This (This Could Get Ugly)
Eurodollar University
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Uncovering the Causes of the March 2020 Treasury Market Blow Up
This chapter delves into the events that led to the climax of the basis trade and the treasury market in March 2020, examining the role of the repo market, hedge funds, and large sales from foreign central banks and asset managers that triggered the sell-off. It argues that the focus on hedge funds is misguided and emphasizes the need to address the underlying global dollar shortage to prevent similar crises in the future.
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