hannolustig.bsky.social @hannolustig.bsky.social · 20/12/2024Negative 10-year swap spreads. As global government bond supply increases and central banks have stopped buying, government bonds are **cheap** relative to equivalent instruments. Market participants prefer a synthetic Treasury position relative to a cash position. bis.org/publ/qtrpdf/... 020
Reposted by @hannolustig.bsky.socialBen Golub @bengolub.bsky.social · 19/12/2024Microeconomics is the study of two agents interacting, while macroeconomics is the study of one agent interacting. 1016315
