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The problem isn't just bank failures. What is causing them and what it is going to do.

Eurodollar University

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The Negative Swap Spread

The market was sending a warning about what I said in the opening, demand for hedging and the unwillingness of dealers to hedge at reasonable prices. The numbers are actually charging you higher premium to undertake that hedging. They also may be compensating for lack of collateral or lack of good quality collateral as I mentioned in a video which I will link here. Basically everything that we want to know about the monetary system in a bunch of really pretty straightforward signals once you get past the negative swap spread.

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