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4min chapter
Joseph Wang & Alex Etra: Trillion-Dollar Liquidity Drain Imminent
Forward Guidance
The Stock Market Is on an Absolute Tear
The 10 year swap rates, which were trading well above what the yield cap was back in the end of last year has now come back in and is trading below the yield cap. So there has been some further, you know, I think the new governor at the BOG has been successful in getting across that he's going to take a patient approach to altering the yield curve control framework. And for more insight on that, people definitely need to check out a West of Nakamura's work who's a trader at base of Japan,. His videos are on Blockworks macro and his podcast is called market depth.
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