Loading ...Whoever is selling just keeps the pressure on.
Hard to square that with the “stellar” bond auction yesterday.
In the video, Rafi talks about Goldman and how the volume of futures in the bond market is 10x what it was in 2021. So much so that the Repo market is getting drained of available cash to loan for new positions which means that the shorts will have to cover. He says this will cause problems for the SM because the hedge funds will have to sell other investments to cover those positions. He also said, metals will take a lesser hit.
It definitely isn’t short covering in the bond market now though. It’s wholesale dumping. The Fed better get moving again.
Here comes the dollar