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Into the Frying Pan… - High Quality Credit Spreads

Macro Horizons

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Swap Spreads - Is There a Floor?

There's not really an obvious technical threshold for soper swap spreads where we're going to see a floor and how tight they can trade. I think there's certainly more potential for continued selling by foreign central banks. And only once that selling has likely been done, or at least priced into the market fully, can this represent a selling point. But i wouldn't stand in the way of this momentum at this point.

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