Surveillance: Skip vs. Pause with Dudley
Bloomberg Surveillance
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The Risk of Overtightening in the Interest Rate Spreads
Alan Ruskin: I think it's deferred dollar weakness. The whole idea of a divergence trade that worked against the dollar hasn't materialized. He says interest rate spread story is just taking its cue from this relative growth story. If they hike in June, it seems less likely after yesterday's Fed comments. But if they're hiked in June, I think we'd be down at $105 on Eurodollar.
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