Matt Levine, a sharp Bloomberg Opinion columnist, teams up with Mike Mackenzie, a seasoned journalist focused on the bond market. They dive into the pressing basis trade and its historical significance, touching on the recent bond market selloff. The duo shares nostalgic tales from 1990s Tokyo, sprinkling in whimsical debates about self-driving cars. They also dissect the current treasury market dynamics and the systemic risks posed by hedge funds and high-frequency traders, all while keeping the conversation light-hearted and engaging.
