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3min chapter
The Offshore Global Dollar System | ft. Jeff Snider
Money & Macro Talks
Is There a Shortage of Off the Run Treasuries?
Jeff Kagan: There's at least a lot more going on behind the scenes than you think there is. He says repo counterparty only cares about liquidity characteristics of collateral they're accepting. "If we can't use off the run stuff, it hurts everybody into what is usable"
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