Eurodollar University cover image

The world rocked by Euro$ collateral; Italy, Eurobonds, maybe the '22 equivalent of "toxic waste."

Eurodollar University

00:00

I Don't Want Your Bonds

Yields on Italian and Spanish debt have increased over 100 basis points in the past three weeks. For repo counter parties, it means I don't want your bonds. Any doubts about liquidity in those bonds means repo is going to reject them. We've seen Italian bonds spreads rise precipitously since the beginning of the year.

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