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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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What Is a Negative Swap Spread?

After August 2007 when we went into crisis, you can literally see in the swap spreads. A 10 year swap spread would get to around two basis points positive by the time Ben Bernanke threw in the towel and announced an erp or QE. And then it would go negative,. The 10 year would also join the 30 year negative in early 2009, supposedly after the crisis in April of 2009. So swap spreads are a key indication deep inside the bowels of the shadows of the euro dollar system that can tell you something is going wrong.

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