The Treasury basis trade rears its head again
The Treasury basis trade rears its head again

www.ft.com
The Treasury basis trade rears its head again

Archive: https://archive.is/2025.04.09-021331/https://www.ft.com/content/1df217c4-2732-41d5-89a2-9f51fbd45e7e
Yesterday our MainFT colleagues published an important story about some of the US government bond market’s weird behaviour lately, which, unfortunately, quickly got buried by the unending avalanche of other news.
Fortunately, it also helps explain why US Treasuries have gotten hit hard again today, despite the stock market dipping back down again on more bad tariff headlines. (…)