Here’s how an obscure bet on bonds almost crashed the $29 trillion Treasury market, Fed official says - MarketWatch
1. 30-year Treasury yields surged due to a failed swap-spread trade. 2. Roberto Perli highlighted the liquidity crunch caused by abrupt investor positions. 3. The yield increased nearly 50 basis points, marking the highest spike since 1987. 4. The Federal Reserve plans to enhance liquidity tools for the Treasury market. 5. Trump's tariffs triggered initial safe-haven buying, followed by sharp yield reversals.