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Basquet Global Debt Fund launching new fixed income security on digital smart contract platform

So it begins....smart contracts for conventional financial instruments are here for real.

Link for SEC filing is here:

https://www.sec.gov/Archives/edgar/data/1844499/000119312521153712/d148443dn2.htm

A few interesting excerpts:

The Fund’s shares can be transferred in peer-to-peer transactions on Algorand, an open, public, distributed ledger that is secured using cryptography (referred to as a “blockchain”). Algorand records transactions between two parties in a verifiable and permanent way, referred to as “immutability.” There are no share certificates, and because the shares can be transferred in peer-to-peer transactions using Algorand’s technology, the shares are characterized herein as “digital securities.” 

Potential shareholders must be “whitelisted” by the Transfer Agent prior to purchasing shares, whether directly or in a peer-to-peer transaction. In order to be whitelisted, each potential shareholder must have completed the Fund’s Anti-Money Laundering/Know Your Customer (“AML/KYC”) process including documentation required for a shareholder to establish a Fund account with the Transfer Agent (see “Anti-Money Laundering/Know Your Customer” and “Plan of Distribution – Purchasing Shares”). The Transfer Agent is also responsible for ensuring that each potential transferee has established a Fund account on the books and records of the Fund. 

In the future, the Fund shares may trade on a public decentralized or centralized electronic exchange platform that is a national securities exchange or on an alternative trading system (“ATS”) operated by a registered broker-dealer that is subject to Regulation ATS. There is no guarantee that any such systems or platforms will become available.

Anyone up on the Citadel / Palafox FUD & the repo market?

Is it probable that there's some meat to this?

https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/

The Logic of the Yield Curve (Explaining Mike Green's Interview with Harley Bassman)

  1. Joined by special guest Max "I Left My Heart in Cleveland" Wiethe, @Nick Correa and I investigate Harley Bassman's view of the yield curve, which he shared with Mike Green in his latest interview. @Max Wiethe explains why an inversion of the yield curve can be a portent of a recession. We also broach other topics like: maturity, convexity, mortgage-backed securities, and quantitative easing. "Jack's cola" may or not make an appearance.

    Hope you enjoy! @Jeremiah S @John Ahearn @Jaymes Rosenthal @Moritz Heiden @Matt Daniell @Craig P @Bradley Snyder @Sam Colt @Theodore Boydston @thomas cullis @Aneil Pokharel @Dennis Jarvis @Konrad Zawadzki @Joseph J @James J P Mulholland @Xavier Mejido @Master Of Money @Tom Catternan @Kewal Mistry @Jehan Hiramanek @Sean Morgan @Sam Mitchell @John Ahearn @Dan Little @Matthew Lansing @Matthew Lansing @Adam Toth-Fejel @Theodore Freysen @Seahyung Park @Sean Morgan @Bryce G @Dean W 
     
https://vimeo.com/522919372/842f740b2e

Here is a link to the original interview:

https://www.realvision.com/shows/mike-green-in-conversation/videos/the-right-price-for-bonds-demographics-and-inflation-and-cheap-bets-on-volatility?source_collection=8e80b18fdb074555bdd47d97e73fbe91
 

And here are some of Harley's charts that we discuss:

Weston NakamuraVisionary
Real Vision Exchange Manager, Programming and Community Engagement

@Igor Orlov3 front end rates on the move indeed, 2y & 5y’s as well as ED, long ED vol working for the sept expiry especially 

For ‘21 exp GEU1 Sept21‘s are on the move (blue) vs Dec21 (red) & June21 (orange) ↓

Spreads from either end around Sept converging (Dec-Sept & Jun-Sept)

Anyone looking to play the TGA draw down from 1.6 trillion to 500m by q2 2021. With all these new reserves in the system potential for IOER to spike to avoid negative rates, or negative rates at short end pulling down the long end. Also with all the new reserves / deposits in the system will us commercial banks be lending or buying hqla (and at what tenors)?

I’m now OUT of puts. Note Fed Funds futures are actually starting to price OUT a hike day over day. you can use CME Fedwatch tool ↓  

Anyone looking to play the TGA draw down from 1.6 trillion to 500m by q2 2021. With all these new reserves in the system potential for IOER to spike to avoid negative rates, or negative rates at short end pulling down the long end. Also with all the new reserves / deposits in the system will us commercial banks be lending or buying hqla (and at what tenors)?