Maybe nothing... but one thing is for sure - protection is bid into tomorrow's uncertainty (despite rates collapse today).
Charts: Bloomberg
Maybe nothing... but one thing is for sure - protection is bid into tomorrow's uncertainty (despite rates collapse today).
Charts: Bloomberg
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/06/20150604_credit.jpg