Q&A #130
Are the Chinese dumping fifty cent hoodies? What else are they up to? Would higher Treasury yields get the Japanese carry traders to roll out of CLOs? If not Treasuries, what could stop the relentless spread compression in junk? How about the eurodollar premium or other funding matters? Did the December/January eurodollar shortage force Treasury selling and therefore cause yields to rise? If the Bank of Canada publishes a paper on the international connections of Canadian banks, why isn’t the eurodollar part of it? Is Aristotle an idiot? Is collateral a form of cash?
