Zortix matched this thesis to Rates & bonds ETFs as one way for retail investors to get exposure. Not a recommendation.
Hedge funds as the new bond vigilantes
The case was made that hedge funds, particularly those engaged in the basis trade, are now the marginal buyers and liquidity providers in the long-end Treasury market, replacing traditional real-money accounts.
Sign in to read the full idea
The argument, what validates it, the risks discussed and hearing it from the source are for signed-in members. Free accounts read 3 ideas in full a day. No card required.