
Counterparty to nearly every participant in bonds markets. Harvard Engineer; former sell and buy side fixed income; now Treasuries automated liquidity fund mgr.
Markets have proven that they can bear negative rates; economies have not.
FOMC week price action before Wed 2pm is dominated by partial unwinds prior to the binary event. So informative to watch mkt tip their hand.
Trump election night cleared out all the stops in various global markets. Taken nearly a year to build that topology into markets again.