Bassman flags futures delivery risk amplifying Treasury selloff

Bloomberg · 4 hours ago
Bassman flags futures delivery risk amplifying Treasury selloff
  • Harley Bassman, creator of a widely followed US Treasury indicator, warns a little-noticed market feature threatens to worsen a monthslong bond selloff.
  • Bassman's concern centers on how traders provide the bonds delivered when futures contracts settle, which he calls a nightmare scenario amplifying the selloff.