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Bassman Warns of ‘Nightmare Scenario’ Amplifying US Bond Selloff

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Bassman Warns of ‘Nightmare Scenario’ Amplifying US Bond Selloff Harley Bassman, pioneer of one of the most widely followed indicators for US Treasuries, warns that a little-noticed feature of the market is threatening to worsen a monthslong selloff and push bond yields even higher. In a post in his Convexity Maven newsletter, Bassman said the risk stems from the way traders provide the bonds that are delivered when futures contracts are settled.

Bassman Warns of ‘Nightmare Scenario’ Amplifying US Bond Selloff Harley Bassman, pioneer of one of the most widely followed indicators for US Treasuries, warns that a little-noticed feature of the market is threatening to worsen a monthslong selloff and push bond yields even higher. In a post in his Convexity Maven newsletter, Bassman said the risk stems from the way traders provide the bonds that are delivered when futures contracts are settled.
Bassman Warns (PERSON) pioneer (ORG) US Treasuries (ORG) Convexity Maven (ORG) Bassman (ORG)
Originally published by Bloomberg Markets Read original →