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Hedge Funds Blow Up From Rate Volatility Ahead of The Fed
Market Depth
The Market Volatility in the US Treasury Markets
Keep an eye on the Turkish Lyra, okay, it's now breaking to the 19 handle on USDTRY. I think it's like 400% increase on the week for Lyra shorts coming in. And so if you start to see that tick upwards and Lyra hit like a 20 handle, it can get it can escalate very quickly. So over the last few weeks, we have seen some insane market volatility, particularly in the rate space as I mentioned. It's another 19% base point move in US yields yesterday. Although today we're relatively speaking, we're dead flat calm heading into FOMC.
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