Matt Levine, Columnist

People Are Worried About the Basis Trade

Also ARM’s IPO priced, CS Disco options did not pay out and don’t talk about market share in email.

September 14, 2023 at 5:59 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Programming note: Money Stuff will be off tomorrow, back on Monday.

A simple model of US Treasury bonds1 could go something like: