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Is it safe to come out now?
While the UK pension LDI turmoil caused a stronger market reaction than the collapse of SVB and CS, this one was (to us) more perilous. Mainly, because bank deposits (liabilities) were fast moving around which can lead to adverse consequences more in t...

 

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FOMC | ‘Hold my beer’ bets

Is it safe to come out now? Probably not.