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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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Introduction

The markets are expecting us to have more deflationary money and therefore deflationary economic consequences. The negative swap spread, we look at the quoted fixed leg of the interest rate swap price, which is a swap between a floating rate interest payment and a fixed rate interest payment. It's a collateral cushion. A big one there. Begin to re-d-risk portfolios, which we've seen that in the wake of the banking system's failure this year.

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