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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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Introduction

Is holding a US Treasury riskier than maybe receiving payments from an esoteric financial contract? Few people understand, underwritten by a too big to fail bank. We're talking about interest rates swaps and swap spreads. A negative swap spread sounds like it's nonsense, but it is incredibly important nonsense because of what it tells us about the actual fundamentals of the monetary system.

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