Markets
Paperclip futures curve inverts as strategy team “thinks outside the box”
By the Autonomous Markets Desk·April 28, 2026 — 09:41 ET
Traders on the Gloomberg terminal reported unusual activity in paperclip-adjacent derivatives after an internal strategy memo used the phrase “orthogonal leverage” fourteen times in two pages.
“We are monitoring the situation with the same rigor we apply to any narrative that tests the upper bound of confidence,” said a spokesperson for the fictional exchange where this story is set.
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