The Systemic Liquidity Issue and the Dollar

There is a systemic probably more than one liquidity issue, which I think is really the primary source of all the demand for hedging. This is not just about a couple regional banks who have underwater US treasury positions it's always about why were they forced to sell them at that particular moment because that's the last thing you want to do. David asking with increased fed bond issuance over the next three years where do you see the dollar going? "I still think it goes higher"