What we have going on is a dis orderly unwind…when large funds are long bonds they hedge short assets against them…when those funds are long JGB’s and they are getting crushed and forced sales they must also unwind positions that clearlyget Tepper all gushy and confused…the fundementals he’s referring to only exist in his imagination.
Tuesday, May 14, 2013
JGB Blow up…Forced unwinds…Tepper “Greatness” - thousands of points down coming on DOW when JGB's hit critical mass for
What we have going on is a dis orderly unwind…when large funds are long bonds they hedge short assets against them…when those funds are long JGB’s and they are getting crushed and forced sales they must also unwind positions that clearlyget Tepper all gushy and confused…the fundementals he’s referring to only exist in his imagination.