bonds Markets

The Truth Behind Plunging Bond Yields: Largest Convexity Hedging Flow Since 2008 And Retreating HFTs

Self-feeding loops and modern market microstructure as gasoline on the fire.

Self-feeding loops and modern market microstructure as gasoline on the fire.
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1 comment on “The Truth Behind Plunging Bond Yields: Largest Convexity Hedging Flow Since 2008 And Retreating HFTs

  1. Makes sense. The last steep drop in liquidity shown in the JPM chart coincided with a steep fall in US Treasury yields. When liqudity returned, UST yields continued declining but more slowly.

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