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They stepped into the repo market when secured overnight rates blew up to 10% in sept 2019, they get no leniency from me (should have blew up instead of engagin
by cinquemb 5y ago
They stepped into the repo market when secured overnight rates blew up to 10% in sept 2019, they get no leniency from me (should have blew up instead of engaging in moral hazard).
- ItsMonkk 5y agoThat and getting into corporate debt were extremely harmful.
- cinquemb 5y agoAgreed (I was long tail risk on HY and IG corp bonds from dec 2018 which still payed out alot in feb/march 2020, was watching the slow motion train wreck with SOFR-UST yield spreads before sept 2019), that combined with all the other shenanigans last year with exchanges and their custodians (I used IB and robinhood), made me sell everything and move into defi and dex only. Now time to watch the slow leverage build up of stablecoins on chain with the decentralized non custodial derivatives protocols :D