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The low yield of 1M bills is inspiring the FUD masters particularly accolades of @JeffSnider_AIP (who I respect fwiw) to pronounce a "collateral" shortage indicative of a "bank event". Its just normal debt ceiling drama prep. The implied debt ceiling date is what's priced. 1/n
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Grant Williams @ttmygh ยท Apr 18, 2023
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Superb thread!!!