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Here’s how an obscure bet on bonds almost crashed the $29 trillion Treasury market, Fed official says

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81% Informative

Roberto Perli , who manages the Fed ’s roughly $6 trillion securities portfolio, said Friday that the abrupt unwinding of a popular trade known as the swap-spread trade likely exacerbated April 's liquidity crunch in Treasurys .

The 30-year yield BX :TMUBMUSD30Y rose nearly 50 basis points in a week , its biggest such jump since 1987 .

VR Score

83

Informative language

83

Neutral language

39

Article tone

formal

Language

English

Language complexity

58

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not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

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short-lived

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