No. of Recommendations: 2
There was a whipsaw in the 10 year Treasury market. Rates had been dropping until a couple of weeks ago, and there was talk about negative rates. Then the rates spiked higher. Covering these price movements might have required some cash.

  Date     3 mo  10 yr  days  bp/day
1/2/2019 2.42 2.66
3/22/2019 2.46 2.44 79 -0.28
8/27/2019 1.98 1.49 158 -0.60
9/4/2019 2.05 1.47 8 -0.25
9/17/2019 1.99 1.81 13 2.62
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