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The Eurodollar Market Is “Dead,” Says Godfather of Financial Derivatives | Dr. Richard Sandor

Forward Guidance

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Credit Sensitive Interest Rates During Recessions

If you own federal funds futures or your own calls, you're long. But that's because they're not credit sensitive. So for example, what does a marrabore do when there's payment stress? Does a marrybore do rates rise? Or do they fall? Like they do for fedvonsr your dollars? Na, they would jackt thet was something years ago called a tet spread,. And it reflected that during times of spress, credit sensitive interest rates that is where the counter party could default, will go up more than risk free interest rates. The fixed income markets have credit spreads built thin depending if its rist free, its high grade corporate, its

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