Violent Swing Back To Pessimism and Liquidity
With the FOMC throwing in the towel on the US “boom”, funding markets have knee-jerked back into the same trends as predominated during the prior liquidity events. In other words, extreme pessimism has once again intruded in eurodollars. The funding curve has exploded (imploded?) back to where it was at the early part of February, when everything was still just [...]
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