Loading ...That Bond Arb…is typical of what blows up, when the mkts are mad and 20 % plus cash bond moves every day are mad…..if we had real journalist in the Financial press they would be all over the Repo story….and as Hook say if it is DB and the Fed are bailing them, or any Hedge Fund,,,,then that is a monster scandal…who ever it is, someone is in deep doodoo
Under normal panics, the bond move could well be a blow off top……but with stocks barely off all time Hi’s, this one might well be different, as stawks have miles to fall and the eco impact is gonna be huge…who is going out to eat, theatre, Hotels,,, fly on holiday etc. All exports from NZ, to China like timber etc….dead,,,nada
heard this ystdy from a Cathay Pacific captain…they had a passenger on a flight with the Virus, all the people within 3 rows are quarantined in HK, in rooms with just a bed and a chair, being fed slops through a slot in the door for next 2 weeks…no TV even,,,,nothing !!!!!