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USA Sovereign Credit Risk Hits Record High As Interbank Funding Stress Explodes

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by Tyler Durden
Monday, Mar 13, 2023 - 05:40 PM

Despite the reassurances by Yellen and Biden that the US banking system is "resilient", there are three major red flags that the fecal matter is impacting the rotating objects under the surface.

Systemic banking sector credit risk fears are rising rapidly as the FRA-OIS spread has spiked to its highest since pre-Lehman (ex-COVID)...

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