Four questions from the inbox, and the last produces the most useful warning either host gives. If a price looks strange on your screen, it is strange for a reason. Everything the market knows is already embedded in the chain, and you are not picking anybody off.
Also here: why the short end moved far more than the long end after a jobs report nobody saw coming, the single test one of them uses to judge whether downside premium is worth selling, and why a financing trade that works in an index goes wrong in a single stock.
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Chapters
0:00 Four questions from the inbox
0:35 Why the curve is flattening
1:18 Why the short end reacts
2:01 Clearing the whole book
2:42 A losing trade he keeps
3:42 Why positioning data lags
5:01 A pure capital management...