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NPR's Planet Money
@planetmoney.bsky.social
Don't just understand the economy – understand the world.
On our latest: how this is transforming the global oil market, fueling Russia's war machine, and why it could be a financial and environmental disaster.
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October 17, 2025 at 10:11 PM
On Planet Money: how a treasury travels from the nest to to hedge funds, and what happens once it gets there. And: we speak to one of those hedge fund investors about what they’re doing and why. buff.ly/Xo9gNq6
How the government got hedge funded : Planet Money
The U.S. government spends a ton of money, on everything from Medicare to roads to defense. In fact, it spends way more than it takes in. So…it borrows money, in the bond market. By selling U.S.…
www.npr.org
October 16, 2025 at 2:53 PM
In recent years, hedge funds have started doing a special kind of trade called “the Treasury basis trade.”

Depending on who you talk to, this trade could destabilize our entire financial system. Or it helps the U.S. government borrow more money. Or both.
October 16, 2025 at 2:53 PM
Normally, those investors have been other people and institutions with money, who like Treasurys for their safety and security.

But lately, selling treasuries has started to look a lot riskier.
October 16, 2025 at 2:53 PM