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Contagion: Chain Reactions and the CoCo Powder Keg
Many Happy Returns
Is There a Risk of Contagion?
Volatility slops from one asset class to the other. It spills into different asset types and it rarely stays contained. I think we shouldn't underestimate the role that higher interest rates are playing in the risk of contagion. But this is why many markets now are pricing at a fallen rate, certainly much more than they were before this crisis.
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