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What Will Break First? | Joseph Wang & Peter Crane
Forward Guidance
What's the Risk in the Treasury Market?
There's tremendous risk in the treasury market. One is supply and demand of treasuries, and the other is very poor treasury market liquidity. If there's institutions that count on it to have no volaty, volatility at all, and they lever it up, that could have a lot of a a risk. So there's definitely risk there. But that's a level of volatility that you might see in the stock market in a single day.
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