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Liquidity Has Fallen Off A Cliff | Joseph Wang & Michael Howell
Forward Guidance
Is the Widening of Credit Spreads Coming?
The bulk of that sell off has been due to a rise in risk free interest rates. I think the fed definitely cares about term premium and they want it to go wider. So i'm not sure how credit sreads u will be for going forward. But over the coming months, there's going to be a lot more treasuries coming on to the market.
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