How big is this Yen/carry unwind? I don’t think anyone really knows
This is excellent. Kyle Bass breaks everything down in 5 minutes. He thinks switching the Treasury auctions from long duration bonds to t-bills enabled the Treasury to throw another $2 trillion of liquidity into the market. He then gets into the Yen/carry trade. 👇👇 pic.twitter.com/5qeV7cKKxc — QE Infinity (@StealthQE4) August 5, 2024 How big is …