Keep Calm, Hold Cash, Watch The ISDA Basis And Buy This Crazy 5X Leveraged Short BTP Product

Keep Calm, Hold Cash, Watch The ISDA Basis And Buy This Crazy 5X Leveraged Short BTP Product

Who had fun on Tuesday? Presumably anyone holding the "Boost BTP 10Y 5x Short Daily ETP", that's who. "Well what the actual fuck is that?", you might fairly ask. As it turns out, when it comes to soaring Italian bond yields, "there's an ETP for that" and the vehicle mentioned above is that ETP. It was up some 25% at one point on Tuesday and as you can see, it's had a nice run of late: And while in retrospect that might have been a great lottery ticket to have in one's portfolio, hindsight
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5 thoughts on “Keep Calm, Hold Cash, Watch The ISDA Basis And Buy This Crazy 5X Leveraged Short BTP Product

  1. Who does your graphics? It’s hard to imagine you can be this fountain of words, engaging syntax AND do the graphics too? If so, man, my hat is removed.

  2. In my parallel universe, the very existence of a 5x leveraged BTP short ETP sounds like the flapping of a black swan’s wings inside a house of cards.

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