zerohedge @zerohedge · Follow Cabana: "we see room for Fed to not only end QT in October but restart balance sheet growth" zerohedge @zerohedge Scarce it is 11:42 AM · Oct 29, 2025 451 Reply Copy link Read 24 replies All Hell Breaks Loose In Repo Markets... And Why A Historic Meltup Could Follow 回购市场陷⼊⼀⽚混乱……以及为何 可能随之出现历史性的暴涨 BY TYLER DURDEN TUESDAY, NOV 04, 2025 - 02:00 AM Back on October 15, when looking at the sudden and dramatic deterioration in funding markets, we wrote "On The Verge Of A Funding Crisis ...

Group 1 - A senior Federal Reserve official indicated that large-scale bond bets in April backfired, potentially causing the largest surge in U.S. Treasury yields since 1987 [1] - The turmoil began after President Trump announced significant new tariff measures on April 2, leading investors to initially flock to U.S. government bonds for safety, but yields reversed sharply shortly thereafter [1][2] - The 30-year Treasury yield rose nearly 50 basis points within a week, marking the largest increase since 1987 [1] Group 2 - The Federal Reserve's Roberto Perli noted that the unwinding of popular swap spread trades likely exacerbated liquidity tightening in the Treasury market [1][2] - Reports indicated that leveraged investors were caught off guard by the sudden volatility in the Treasury market [1] - Perli emphasized that the deterioration of liquidity in the U.S. Treasury market is real and significant [3]