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Deterministic Chaos

The origin of complexity

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Repo Madness and Market Freeze-out: “When the shorts arrive, bring your alibis”

ZeroHedge on the short pileup: https://www.zerohedge.com/markets/historic-repo-market-insanity-10y-treasury-trades-4-ahead-monster-short-squeeze Actually scratch that: last week there were barely any shorts in the 10Y – that’s why the massive stop loss liquidation after last Thursday’s 7Y auction was just longs puking. It was only after that the flood of shorts arrived and hammered the 10Y to “fails” levels in repo.Continue reading “Repo Madness and Market Freeze-out: “When the shorts arrive, bring your alibis””

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