US Rates – There’s no crying in basis

US Rates strategists Jay Barry, Srini Ramaswamy, Phoebe White, and Ipek Ozil discuss the historic volatility observed in US rates markets over the past week and its drivers. Treasury market liquidity deteriorated, and swap spreads narrowed sharply, but the cash/futures basis and repo rates were relatively stable.

Speakers:
Jay Barry, Head of Global Rates Strategy
Srini Ramaswamy, Global Head of Interest Rate Derivatives Strategy
Phoebe White, Head of US Inflation Strategy
Ipek Ozil, Head of US Interest Rate Derivatives Strategy

This podcast was recorded on 10 April 2025.

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