Primary Dealer Banks Showing Signs Of Global Collateral Tightening

There have been a whole bunch of ripples through the monetary system coming in from all angles pointing toward a sizable collateral disruption.

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There have been a whole bunch of ripples through the monetary system coming in from all angles pointing toward a sizable collateral disruption. The primary culprit(s) appears to be from Europe, starting in bond spreads surging off election uncertainty though we can't discount the ECB's rate cut as a factor. The eurodollar aftershocks are pronounced regardless of origin.

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