Anonymous ID: 04bb0d Aug. 5, 2024, 7:19 p.m. No.21358967   🗄️.is 🔗kun   >>8981

What Drove The Markets, Per Kyle Bass

 

QE Infinity @StealthQE4

This is excellent. Kyle Bass breaks everything down in 5 minutes.

 

He thinks switching the Treasury auctions from long duration bonds to t-bills enabled the Treasury to throw another $2 trillion of liquidity into the market.

 

He then gets into the Yen/carry trade. 👇👇

 

What’s interesting with Yen/carry is it wasn’t just the hedge fund using the trade

 

The Japanese people were too. They were buying things in dollar assets because they were scared of their depreciating currency

 

So when the Yen strengthened they helped unwind the carry trade too

 

How big is this Yen/carry unwind? I don’t think anyone really knows

 

https://twitter.com/StealthQE4/status/1820604521850048679

 

https://twitter.com/StealthQE4/status/1820603963143557447