@hannolustig.bsky.social
Negative 10-year swap spreads.
As global government bond supply increases and central banks have stopped buying, government bonds are **cheap** relative to equivalent instruments. Market participants prefer a synthetic Treasury position relative to a cash position.
bis.org/publ/qtrpdf/...
As global government bond supply increases and central banks have stopped buying, government bonds are **cheap** relative to equivalent instruments. Market participants prefer a synthetic Treasury position relative to a cash position.
bis.org/publ/qtrpdf/...
December 20, 2024 at 4:32 PM
Negative 10-year swap spreads.
As global government bond supply increases and central banks have stopped buying, government bonds are **cheap** relative to equivalent instruments. Market participants prefer a synthetic Treasury position relative to a cash position.
bis.org/publ/qtrpdf/...
As global government bond supply increases and central banks have stopped buying, government bonds are **cheap** relative to equivalent instruments. Market participants prefer a synthetic Treasury position relative to a cash position.
bis.org/publ/qtrpdf/...