The Great Unwind has begun

Marketwatch

I read somewhere that this Citi note was as close as anyone has ever come to shorting their own bank!

Just as well; we don’t know any countries that got dependent on cheap credit! :angry:

A bit late I thinks :frowning: and nothing new around here neither !

Something from Across the Curve - written by a US bonds trader:
acrossthecurve.com/?p=524