Understanding Reflation & Central Bank Liquidity During A Taper Tantrum: ‘Treasury Switches’, FIMA Repo Facility & Other Market Microstructural Reforms Are Bullish For Eurozone, Japanese & US Blocs

This Hedge Fund Insight unpacks how reflationary policies have led to rises in equity markets and “Risk Assets” while running contrariwise to inelastic intermediary-bank balance sheets, explaining the frenetic REPO operations required in Australia, Canada and the US and more importantly, the unprecedented Taper Tantrum 2.0 still plaguing global bourses today.