{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Eurodollar University","title":"HOLY SH*T! Swap Spreads Just...","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/99e3e1da\"></iframe>","width":"100%","height":180,"duration":1194,"description":"#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #collateral #repo \nI've been talking about swap spreads for the last couple months, last week they make a huge move. To understand what it was and why it matters, let's talk about interest rate swaps and what their spreads to US Treasuries really tell us. What is this all about? In simple terms: the most direct window into shadow money and deflation potential.\nEurodollar University's Money & Macro Analysis\nBIS Working Papers No 705\nAn Explanation of Negative Swap Spreads: Demand for Duration from Underfunded Pension Plans\nhttps://www.bis.org/publ/work705.pdf\nFRBNY: Negative Swap Spreads\nhttps://www.newyorkfed.org/medialibrary/media/research/epr/2018/epr_2018_negative-swap-spreads_boyarchenko.pdf\nTwitter: https://twitter.com/JeffSnider_AIP\nhttps://www.eurodollar.university\nRealClearMarkets Essays: https://bit.ly/38tL5a7","thumbnail_url":"https://img.transistorcdn.com/-PtiTzNd5Hw0QA5KJSn4hxFg04siyhv-eokn_umaeKU/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzkyNDMvMTY2ODk5/MjU1OS1hcnR3b3Jr/LmpwZw.webp","thumbnail_width":300,"thumbnail_height":300}