
The 10 Most Interesting Things We’ve Read Recently (FFTT, 10/7/22)
Many western policymakers have never understood the UST market implications of Putin’s move; they will soon (Page 2) “Global foreign currency reserves are falling at the fastest pace on record as Central Banks support their currencies.” (Page 4) “Treasuries’ liquidity problem exposes Fed to ‘biggest nightmare’.” (Page 6) “Current levels on the MOVE UST volatility index occur when the Fed has lost control” – Index creator Harley Bassman (Page 9) “Saudi Arabia and Russia plan