Treasury Yield Dynamics
A significant mystery in the markets revolves around the surprisingly low treasury yields despite signs of economic recovery. Zoltan emphasizes that bank demand hasn't been the primary driver of this trend; instead, factors like the Delta variant and shifts in cash flow dynamics have played crucial roles. As liquidity in the system increased, some funds found their way into fixed income, contributing to the ongoing rally.In this clip
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Odd Lots
Zoltan Pozsar on What’s Going on in Rates Markets Right Now
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