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Its more liquid. Volume is very high, $3T traded in tlt over last 2 years. It could easily absorb all Chinese and Japanese held us treasuries if they don’t wan
by naveen99 2y ago
Its more liquid. Volume is very high, $3T traded in tlt over last 2 years. It could easily absorb all Chinese and Japanese held us treasuries if they don’t want them at these prices. Jpm and wfc are begging in on the action, trying to get Basel restrictions lifted.
- trod1234 2y agoIsn't this more of a "give them an inch they'll take a mile" sort of thing? The Basel 3 capital reserve system is based in objective valuation which Menger proved false. This occurs indirectly through the weights, and reporting loopholes which prevent marked to market valuations. It seems to me that the GSIBs, and primary dealers simply want to notch the ratchet a bit tighter by absorbing the next dealer to fail which iirc the conensus seems to be BofA being up next.