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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…
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