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The ECB Hikes As The Fed Pauses - Is This 2008 Again?

The Macro Trading Floor

00:00

The Eurozone's Liquidity Crisis

"Liquidity is actually doing pretty OK. We should expect the overnight reverse repo to swallow, say, 75% up towards such a target of net issuance of T-bills," he says. "I wouldn't be super surprised to see a bit of choppiness and credit in a negative sense over the course of the summer in Europe."

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