Almost a month later and the situation is deteriorating rapidly.

More extreme hedging swept global markets in morning trading, including another serious collateral run. As it did, curves have been distorted to an even more concerning degree than they had been when banks like SVB and Credit Suisse were all over the mainstream. Examining Credit Suisse we can begin to understand why.

Eurodollar University's Money & Macro Analysis

Credit Suisse’s Fatal Bank Run Points to Gaps in Liquidity Rules
https://www.bloomberg.com/news/articles/2023-04-05/credit-suisse-s-fatal-bank-run-points-to-gaps-in-liquidity-rules

Credit Suisse Group takes decisive action to pre-emptively strengthen liquidity and announces public tender offers for debt securities
https://www.credit-suisse.com/about-us-news/en/articles/media-releases/csg-announcement-202303.html

Basel III: The Liquidity Coverage Ratio and liquidity risk monitoring tools
https://www.bis.org/publ/bcbs238.htm

Dexia books losses on Belgian unit, Greek bonds
https://www.wsj.com/articles/DJFDBR0020111109e7b9ds7cf

Twitter: https://twitter.com/JeffSnider_AIP
https://www.eurodollar.university
https://www.marketsinsiderpro.com
https://www.PortfolioShield.net

RealClearMarkets Essays: https://bit.ly/38tL5a7

THE EPISODES
YouTube: https://bit.ly/310yisL
Vurbl: https://bit.ly/3rq4dPn
Apple: https://apple.co/3czMcWN
Deezer: https://bit.ly/3ndoVPE
iHeart: https://ihr.fm/31jq7cI
TuneIn: http://tun.in/pjT2Z
Castro: https://bit.ly/30DMYza
Google: https://bit.ly/3e2Z48M
Reason: https://bit.ly/3lt5NiH
Spotify: https://spoti.fi/3arP8mY
Pandora: https://pdora.co/2GQL3Qg
Castbox: https://bit.ly/3fJR5xQ
Podbean: https://bit.ly/2QpaDgh
Stitcher: https://bit.ly/2C1M1GB
PlayerFM: https://bit.ly/3piLtjV
Podchaser: https://bit.ly/3oFCrwN
PocketCast: https://pca.st/encarkdt
SoundCloud: https://bit.ly/3l0yFfK
ListenNotes: https://bit.ly/38xY7pb
AmazonMusic: https://amzn.to/2UpEk2P
PodcastAddict: https://bit.ly/2V39Xjr
PodcastRepublic:https://bit.ly/3LH8JlV

DISCLOSURES
Jeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and is not in any way giving investment advice or recommendations on behalf of AFA. The Promoter is being compensated by a fee arrangement: The Promoter will receive compensation on a quarterly basis, based on the increase in account openings that can be reasonably attributed to the Promoter's activity. The Promoter will not be receiving a portion of any advisory fees. The Promoter has an incentive to recommend the Adviser because the Promoter is being compensated. The opinions expressed on this site and in these videos are those solely of Jeffrey Snider and Eurodollar University and do not represent those of AFA.