“Absolutely Spectacular Meltdown”: The Basis Trade Is Blowing Up, Sparking Multi-Trillion Liquidation Panic https://t.co/R8pcLa3kib
— zerohedge (@zerohedge) April 9, 2025
Something has broken tonight in the bond market. We are seeing a disorderly liquidation.
If I had to GUESS, the basis trade is in full unwind.
Since Friday’s close to now … the 30-year yield is up 56 bps, in three trading days.
The last time this yield rose this much in 3… pic.twitter.com/IS6qog4uog
— Jim Bianco (@biancoresearch) April 9, 2025
For every .1% this number goes up, USA has to pay 36 billion dollars more in interest.
And it’s skyrocketing…
This is the opposite of Trump’s stated goal. pic.twitter.com/RRocGDTTEu
— ADAM (@AdameMedia) April 9, 2025
I’m no economist but seems to me this is intentional. Can’t expect anything different when the banks are allowed to rule the roost