EPISODE · Feb 23, 2025 · 20 MIN
The Last Time Credit Spreads Were This Tight, EVERYTHING Collapsed
from Eurodollar University · host Jeff Snider
A tinderbox waiting to explode? When spreads are this low, and complacency this high, that means everyone is on one side the market. Not because they want to be, they have to be. And they all believe that they'll be able to get to the exits even though everyone is searching for the same signals. Eurodollar University's Money & Macro AnalysisBloomberg Money Managers See Dangers in Credit’s Eerie Calmhttps://www.bloomberg.com/news/articles/2025-02-17/credit-s-eerie-calm-has-some-money-managers-seeing-danger-signsBloomberg Junk Bond Guru Sees Rising Distress Ahead as Banks Tighten Lendinghttps://www.bloomberg.com/news/articles/2025-02-15/junk-bond-guru-fridson-sees-rising-distress-ahead-credit-weeklyBIS The market turbulence and carry trade unwind of August 2024https://www.bis.org/publ/bisbull90.htmhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
What this episode covers
A tinderbox waiting to explode? When spreads are this low, and complacency this high, that means everyone is on one side the market. Not because they want to be, they have to be. And they all believe that they'll be able to get to the exits even though everyone is searching for the same signals. Eurodollar University's Money & Macro AnalysisBloomberg Money Managers See Dangers in Credit’s Eerie Calmhttps://www.bloomberg.com/news/articles/2025-02-17/credit-s-eerie-calm-has-some-money-managers-seeing-danger-signsBloomberg Junk Bond Guru Sees Rising Distress Ahead as Banks Tighten Lendinghttps://www.bloomberg.com/news/articles/2025-02-15/junk-bond-guru-fridson-sees-rising-distress-ahead-credit-weeklyBIS The market turbulence and carry trade unwind of August 2024https://www.bis.org/publ/bisbull90.htmhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
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The Last Time Credit Spreads Were This Tight, EVERYTHING Collapsed
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