Ankh- Morpok on Nostr: Ya I’m watching that too. This is where insurance and pension funds are invested ...

Ya I’m watching that too. This is where insurance and pension funds are invested in. They can’t exit cos that’s a huge loss they have to mark down & that’s why they haven’t show up to buy US bonds at >5% which they would normally love. Ie the usual buyers of treasuries just haven’t shown up hence yields have to go up. Almost no one is watching Private Credit.