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Info not fearmongering. Swaps not Swiss. Dealers not Fed. The data and evidence are conclusive.

Eurodollar University

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Swap Spreads Rise and Fall, Not Rise

Swap spreads rise and fall. They get less low and less negative, not really rise. And then they go lower and more negative when we see these things happen in the monetary system. This is not just a Swiss national bank and 17 banks bidding for $11 billion at their repo auction or the US dollar repo auction. There are any number of warning signs, including this very key one, a big one swap spreads.

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