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Intraday Credit Observations
People using "negative" proceeds from buying stuff to buy other stuff... Yes, one of those rare days where the money just comes out of nowhere and buys stocks, commodities, f/x and bonds all up at the same time. So here are the results of magical money growing on trees: 10 Year UST:
30 Yr FNMA coupon (mortgages):
Major curve flattening:
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