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Huge moves in key spreads, massive problems as authorities begin to admit there's real danger.
Alarming compression of interest rate swap spreads indicate more systemic issues in global balance sheet capacities and collateral, too. Also, the IMF reported on its World Economic Outlook where it very plainly reveals just how worried authorities have become.
Eurodollar University's Money & Macro Analysis
IMF WEO April 2023
https://www.imf.org/-/media/Files/Publications/WEO/2023/April/English/text.ashx
FT: IMF warns of ‘hard landing’ for global economy if inflation persists
https://www.ft.com/content/29f19a32-9440-4685-8fef-e3f3fdfc2969
The Global Economy Is Caught In the Trap of Central…
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