What do you get if you combine the world’s most important financial market, hedge funds, enormous leverage, and doom loop dynamics? Welcome to the Treasury ‘basis trade'. We discuss the risks that lurk behind the Treasury market and why regulators are sounding the alarm. And in today’s Dumb Question of the Week: What is the difference between duration and maturity? ---Get in touch ? mhr@pensioncraft.com ? many-happy-returns.captivate.fm --- Join PensionCraft ? Become a member at pensioncraft.com ▶️ Subscribe on YouTube ---Disclaimer This podcast is for informational and entertainment purposes and is not financial advice. We do not provide recommendations or endorse any decision to buy, sell or hold any security. We cannot be held responsible for any actions listeners may take and investors are encouraged to seek independent financial advice. Copyright 2023 Many Happy Returns