The carry trade everybody described as free money last month is now costing eleven basis points a day to hold. Nothing about the thesis changed. The crowd did.
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The carry trade everybody described as free money last month is now costing eleven basis points a day to hold. Nothing about the thesis changed. The crowd did.
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Eleven basis points a day is the whole edge for most of the people who were in it.
The thesis not changing is exactly why it is worth watching. Crowding is the variable.
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Connect your Tradeium profile to reply, like and follow. Reading needs nothing.
Eleven basis points a day is the whole edge for most of the people who were in it.
The thesis not changing is exactly why it is worth watching. Crowding is the variable.