treasury basis trade explained - SERP Analysis

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https://www.apolloacademy.com/what-is-the-basis-trade/

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https://www.cftc.gov/media/11671/mrac121024_TreasuryCashFuturesBasisTradeReport/download

https://en.wikipedia.org/wiki/Basis_trading

https://bettermarkets.org/wp-content/uploads/2025/04/Basis-Trade-Fact-Sheet-4.10.25.pdf

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https://www.reddit.com/r/explainlikeimfive/comments/1juy0qy/eli5_what_is_unwinding_of_the_treasury_basis/

https://finance.yahoo.com/video/breaking-down-treasury-basis-trade-160000214.html

https://www.youtube.com/watch?v=KH2jmQEnoCI

https://www.ecb.europa.eu/press/financial-stability-publications/fsr/focus/2024/html/ecb.fsrbox202405_03~09cad3d18d.en.html

https://www.bloomberg.com/explainers/what-are-basis-trades

https://www.linkedin.com/pulse/basis-trades-in-depth-exploration-navdeet-saini-vkmlc

https://www.ft.com/content/1df217c4-2732-41d5-89a2-9f51fbd45e7e

https://www.reddit.com/r/investing/comments/1jydigp/can_someone_help_me_understand_us_treasury_yields/

https://www.interactivebrokers.com/campus/trading-lessons/the-basics-of-treasuries-basis/

https://thepeopleseconomist.substack.com/p/the-great-us-treasury-jolt-basis

https://elischolar.library.yale.edu/cgi/viewcontent.cgi?article=12950&context=ypfs-documents

https://www.investopedia.com/terms/b/basis-trading.asp

https://www.youtube.com/watch?v=-pe7fE57kLI

https://x.com/egr_investor/status/1910727993682780316

https://realinvestmentadvice.com/resources/blog/is-the-bond-basis-trade-freaking-out-the-bond-market/

https://www.ft.com/content/6e6261e1-42bd-4cca-827e-218c111a6432

https://www.cmegroup.com/education/files/understanding-treasury-futures.pdf

https://www.ssga.com/us/en/individual/insights/making-sense-of-the-current-us-treasury-market

https://www.youtube.com/watch?v=evxOHnLA2Ug

https://bankunderground.co.uk/2024/05/16/leverage-finds-a-way-a-comparison-of-us-treasury-basis-trading-and-the-ldi-event/

https://x.com/perfiliev/status/1909992181428895787

https://www.federalreserve.gov/econres/notes/feds-notes/quantifying-treasury-cash-futures-basis-trades-accessible-20240308.htm

https://www.bis.org/publ/work966.pdf

https://www.brookings.edu/wp-content/uploads/2025/03/4_Kashyap-et-al.pdf

https://www.youtube.com/watch?v=obAnUeQw3TE

https://www.financialresearch.gov/working-papers/files/OFRwp-21-01-hedge-funds-and-the-treasury-cash-futures-disconnect.pdf

https://www.stonex.com/en/thought-leadership/where-next-for-hedge-funds-treasury-basis-trade/

https://www.daytrading.com/basis-trade

https://finimize.com/content/the-little-known-hedge-fund-trade-thats-got-regulators-feeling-nervous

http://lamfin.arizona.edu/fixi/542/futs/understanding-treasury-futures.pdf

https://www.soonparted.co/p/cashfutures-basis

https://www.reuters.com/markets/funds/us-treasuries-basis-trade-risks-still-elevated-easing-2024-03-14/

https://medium.com/%40op.oliverprice/a-practical-intro-to-trading-bond-futures-basis-what-is-it-and-how-does-it-work-8eae9cc6ef3b

https://www.morningstar.com/news/marketwatch/20250412232/how-the-trade-of-the-year-in-the-bond-market-became-a-nightmare-for-investors-after-trumps-tariffs

http://www.mfaalts.org/wp-content/uploads/2023/11/MFA-Treasury-Markets-Primer.pdf

https://www.pensford.com/industry-news/wtf-is-a-basis-trade-unwind

https://home.treasury.gov/system/files/221/TBACCharge1Q12024.pdf

https://peterknightadvisor.com/2018/04/20/https-institute-cmegroup-com-courses-introduction-to-treasuries-modules-learn-about-the-treasuries-delivery-process/

https://www.wsj.com/finance/investing/the-simple-explanation-for-this-weeks-treasury-market-mayhem-9351f339?gaa_at=eafs&gaa_n=ASWzDAiBZW_oOBYrbbNDSs0bb6qudAR2M5vn6tyxWZpJdiUeiRY5TDLZdkYQ&gaa_ts=6854b194&gaa_sig=UmsiLsPa4L3iL0zrhvKH4LGUX4xUhAZxuIPSQVr6Z1C28THtT_Gnm1Wj2RUrkYcsEYkcneSRm1t-7sxSkXh5Vg%3D%3D

https://fortune.com/2025/04/09/basis-trade-bond-market/

https://www.reuters.com/markets/us/us-bond-repricing-marks-brief-setback-hedge-funds-basis-trade-2024-04-16/

https://fastercapital.com/content/Basis--Understanding-Basis-in-Bond-Futures-Trading.html

https://www.thetimes.com/us/business/article/the-1-trillion-basis-trade-explained-g6tlnrsds

https://www.linkedin.com/posts/perfiliev_quickest-explanation-of-a-basis-trade-and-activity-7315758135581822976-zyO2

https://www.mitrade.com/insights/news/live-news/article-6-753649-20250411

https://www.bloomberg.com/news/newsletters/2025-04-09/everything-you-need-to-know-about-the-basis-trade-spooking-markets

https://corporatefinanceinstitute.com/resources/derivatives/basis-trading/

https://finance.yahoo.com/news/why-basis-trade-moment-dangerous-162756341.html

https://ofac.treasury.gov/

https://m.economictimes.com/markets/bonds/investors-fear-another-big-blowup-of-basis-trade-as-treasuries-lose-haven-status/articleshow/120132200.cms

https://twitter.com/XplningSapiens/status/1909984017102832063

https://www.fidelity.com/fixed-income-bonds/individual-bonds/us-treasury-bonds

https://www.youtube.com/watch?v=BDzC3h0vgwA

https://www.centralbank.go.ke/securities/treasury-bonds/

https://www.barrons.com/articles/treasury-yields-bond-market-selloff-1a201dfe

https://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm

https://www.investmentnews.com/fixed-income/what-is-the-basis-trade-and-why-is-the-sec-concerned/247351

https://www.morningstar.com/news/marketwatch/2025040896/heres-the-unsettling-reason-the-worlds-most-important-market-is-getting-hammered-by-trumps-tariffs

https://www.whitehouse.gov/presidential-actions/2025/04/regulating-imports-with-a-reciprocal-tariff-to-rectify-trade-practices-that-contribute-to-large-and-persistent-annual-united-states-goods-trade-deficits/

https://cpanel.wagmtv.com/default.aspx/uploaded-files/T42733/TheTreasuryBondBasisAnInDepthAnalysisForHe.pdf

https://us.etrade.com/what-we-offer/pricing-and-rates

https://www.youtube.com/watch?v=x4XFBA5ESTw

https://www.empirical.net/treasury-yields-defy-expectations-raising-questions-about-basis-trades/

https://www.nj.gov/treasury/revenue/

https://www.bloomberg.com/news/videos/2023-12-20/leverage-behind-basis-trade-is-what-worries-regulators-video

https://www.mas.gov.sg/bonds-and-bills/singapore-government-t-bills-information-for-individuals

https://www.blackrock.com/us/individual/insights/blackrock-investment-institute/weekly-commentary

https://www.youtube.com/watch?v=lz2ul0Cnea8

https://taxfoundation.org/research/all/federal/trump-tariffs-trade-war/

https://www.schwab.com/pricing

https://www.irs.gov/newsroom/qualified-business-income-deduction

https://www.fidelity.com/glossary/overview

https://www.eeoc.gov/statutes/title-vii-civil-rights-act-1964

https://www.deloitte.com/us/en/insights/economy/global-economic-outlook/weekly-update.html

https://www.interactivebrokers.com/en/pricing/commissions-home.php

https://www.edwardjones.com/us-en/market-news-insights/stock-market-news/daily-market-recap

https://www.ifrs.org/issued-standards/list-of-standards/ifrs-9-financial-instruments/

https://insight.kellogg.northwestern.edu/article/what-makes-the-u-s-dollar-so-special

https://www.fincen.gov/boi-faqs

https://www.foia.gov/

https://data.bis.org/topics/EER

https://www.atlanticcouncil.org/blogs/econographics/fed-ecb-rate-policy-divergence/

https://conversableeconomist.com/

https://www.jpmorgan.com/insights/global-research/current-events/us-tariffs

https://www.youtube.com/watch?v=puVs785orwM