Loading ...I think you’ll find the Swap lines are for emergencies and that Trump/Bessant has told the Europeans to get serious about trade deals, if you want them back…..The Fed has bailed Euro banks/countries out a number of times…..Now they know the Fed ain’t there and considering there is a load of market evidence the Euroweenies have been dumping US assets to make the US economy look sick under Trump….this action may be retaliation…..
It might account for the Bond turn, as the Euro traders realised they have been ‘Trumped’ and covered US bond shorts, or started to, as the short possy is huge.
Good catch tks…