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Inside the bond market’s $800 billion ‘murder mystery.’ Here’s why the basis trade could be a time bomb—and what the Fed can do to stop it

April 11, 2025

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Inside the bond market’s 0 billion ‘murder mystery.’ Here’s why the basis trade could be a time bomb—and what the Fed can do to stop it

In normal times, hedge funds help keep money markets humming by profiting handsomely from tiny price discrepancies between Treasuries and…