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Who is still knocking at the Discount Window?

Eurodollar University

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GC Rates - The Bottom End of the Sofa Range

Sofa rates go down the most and gets really wild in volatile, primary credit goes up September and October. Lower sofa rates as well as T-bill rates is what I usually pair those with collateral scarcity. Just recently within the last few days, we've seen so far the bottom end of the sofa range, really the broad collateral GC rates have started to tick back down again,. suggesting are we seeing another bout of collateral insufficiency.

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