Skip to Primary Navigation

Skip to main content

The debt-fuelled bet on US Treasuries that’s scaring regulators

Photo: Getty Images

The Financial Times

8 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

Policymakers are concerned about the huge leverage that hedge funds are employing as part of the so-called basis trade.

19 September, 2023 by Kate Duguid, Costas Mourselas and Ortenca Aliaj

One year ago, a pocket of borrowed money on the edge of UK bond markets imploded with enough force to topple a prime minister and draw the Bank of England into an emergency rescue.

Now the world’s most influential regulators are

, , , , , ,