"QE's Are… Cake" – The Full Walkthru How Bond Traders Manipulate …

It has gotten to the point where even we are amused how every “conspiracy theory” we suggest becomes proven fact in the span of a few years, usually involving criminality on behalf of at least one (usually more) perpetrator.In today’s most recent instance of “conspiracy theory” becomes “non-conspiracy” fact, we have the not so curious case of one Mark Stevenson, a former bond trader at Credit Suisse Group, who was fined 662,700 pounds ($1.1 million) and banned from working in the finance industry for “deliberately” manipulating a U.K. government bond price. Specifically, what Stevenson did, was to take advantage of the BOE’s POMO auctions in 2011 to sell some 1.2 billion-pounds of existing gilt holdings which he had accumulated previously with the express intention of selling …

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In today's most recent instance of "conspiracy theory" becomes "non-conspiracy" fact, we have the not so curious case of one Mark Stevenson, a former bond trader at Credit Suisse Group, who was fined 662,700 pounds ($1.1 …

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"QE's Are… Cake" – The Full Walkthru How Bond Traders Manipulate …

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