Relevant:
- Foreigners Dump Record Amount of US Securities, But Who the Heck Is Still Buying?
- Repo Failure Remedy Drives Away Bond Short-Sellers
- Ted Butler: SLV Naked Short Position Near Record Highs
- The Gamers' Uprising Against Wall Street Has Deep Populist Roots
- Mortgage Rates Left in Dust by Treasuries, Failures
2008-10-24 — blogspot.com
``Naked short selling and float and reserve plays are causing a record 'failures to deliver' in the US Treasuries markets. Some of this may be a 'kiting' scheme in which the sellers are playing an aribtrage against the slight fees and penalties versus returns on price distortions and extremes in volatility.''
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