Whether bonds recover quickly from the sell-off or begin a new downtrend will be a critical indicator of systemic stress, potentially related to basis trade unwind, and requires close monitoring over the next week to assess durability of price moves.
causalpending
Speaker
Patrick SesnaEvidence Quote
“will we see this quickly recover...maybe it was a a bit of stress from the basis trade unwinding...or is this the start of some new round of selling...we have to watch carefully uh to see uh how bonds react in the next one week [1:15:56]”
Created: 8/11/2026, 7:06:30 AM
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