U.S. Treasury Buys Back $12.5B of Its Debt
Because Treasuries anchor global borrowing costs and collateral markets, a buyback operation matters well beyond the government bond desk.
Every Zipp story tagged #MarketLiquidity, newest first.
Because Treasuries anchor global borrowing costs and collateral markets, a buyback operation matters well beyond the government bond desk.
Holding liquidity through August's seasonal lull strengthens the rally's credibility and could support larger trades as traders return.
Thin liquidity and unstable options positioning can make outflows look coordinated, complicating attempts to pin the move on Jane Street.
Forced selling from leveraged liquidations can amplify a move through recent lows, making the lower pocket more important than a brief upside extension.
Spot demand has hemorrhaged 59,351 BTC from ETFs in 20 days while miners and underwater shorts flood exchanges — but the leverage map now puts 8x more capital betting against BTC than for it.