A BETTER WAY TO SHORT THE BOND MARKET?

This morning I have decided to write about US swap spreads. I know, you are already reaching for the delete key, but wait…

I tried to remember a time when swap spreads were exciting. I dug back into my memory, and tried to recall something that might spice up this snoozer of a topic.

And then it hit me. Swap spreads were one of the positions that bankrupt…