The spread between UST 1M and 3M has widened to new all-time highs (c160bps). October 2008, shortly after the Lehman bankruptcy, was the last time the spread was this wide. On top of this, US 1Y CDS also reached new highs last week.
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.
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