编者按:隔夜美债再度上演大跳水,10年期美债收益率一夜暴涨11个基点至4.3%,在美股大幅回调之际,美债收益率却罕见大幅上涨,这一反常现象背后的重要原因之一就是:基差交易。那么,什么是基差交易?基差交易为何会引发暴跌?4月1日,华创证券张瑜发布了题为《对冲基金基差交易引发美债市场脆弱性担忧》的研报,详细解释了何为基差交易、基差交易如何影响美债市场及其可能的潜在风险。核心观点1)随着国债供应持续增长...
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