Praying for 'soft landing' of US$1 trillion basis trade

HEDGE funds look to be scaling down their record short position in US Treasury futures, marking the beginning of the end of the so-called “basis trade” – an unwind that regulators have warned could pose severe financial stability risks.

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Javier Corominas ,Jamie Mcgeever ,Christoph Schon ,Reuters ,International Settlements ,Commodity Futures Trading Commission ,Office Of Financial Research ,Federal Reserve ,Financial Research ,Futures Trading Commission ,Oxford Economics ,