Hanno Lustig (@hannolustig) 's Twitter Profile
Hanno Lustig

@hannolustig

Economist at Stanford. Fascinated by exchange rates. Really wanted to be a pilot. Actually, taxes do fund spending.

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calendar_today04-06-2020 21:25:32

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This is the plumbing view of Treasury markets: " These are supposed to be safe assets." So, any time Treasurys are sold off, there has to be a plumbing problem. Markets are not functioning. In this case, the plumbing problem is in the Treasury basis trade. Central banks like the