MS 1 Year CDS Hit 800/875, Curve Massively Inverted
Ladies, this is getting scary. Someone is betting on the endgame for the house of Mack. We, for one, can't wait for this week's H.4.1 release to find out if not who, then how much was borrowed at the Fed's discount window...
And this is the migration of the curve in the past 3 days:
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