"If Swap Dealers Aren't Selling Anymore, Who is?"
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Housekeeping: Good Morning
Contents
* Intro
* Discussion Outline
* Slides
Intro:
Sunday’s weekly discussion starts with a long conversation about YCC. The title topic is discussed in context of the CFTC report starts about the 19:00 mark
On a $50 higher move, they sell 2,000 contracts. On a $50 lower move, they cover 20,000 contracts. They're in the market. I know how this works. When you're on the desk- And you're told not to participate or you're told to be careful. You're told to liquidate only…
The skinny
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