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An escalating series of monetary tremors still shaking the eurodollar's world.

Eurodollar University

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T-Bill Prices Go Up Again

From March 13th to March 29, T-bill prices went through the roof. At the same time, we saw NBS volume in GCF repo go nuts. It suggests that dealers are hoarding T-bill and US treasury collateral. That's at the very least. And this is not the only time it's happened. I'll talk briefly September. Remember September? That wasn't about gilts. That wasn't even about Europe. That was a collateral problem, as I said at the time and afterwards.

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