Eurodollar University cover image

The world rocked by Euro$ collateral; Italy, Eurobonds, maybe the '22 equivalent of "toxic waste."

Eurodollar University

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CLLs Are a Security That Doesn't Have a Market Behind It

A lot of US dollar denominated CLLs have been issued outside the United States. How are these overseas investors funding these purchases? No idea, we can guess, I'm guessing reposThere's really the issue here. We know that the US bank system has been selling these CLLs to some degree.

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