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Here’s how close an obscure bet on bonds came to crashing the $29 trillion Treasury market, Fed official says

The abrupt unwinding of a popular “Trump trade” in the Treasury market likely fueled April’s market tumult, says the Fed’s securities-portfolio manager.

May 9, 2025 - 21:09
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Here’s how close an obscure bet on bonds came to crashing the $29 trillion Treasury market, Fed official says
The abrupt unwinding of a popular “Trump trade” in the Treasury market likely fueled April’s market tumult, says the Fed’s securities-portfolio manager.
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