The Credit Crunch Is Here As 2008 Financial Crisis Indicator Flashes Red | Jeff Snider

Описание: Ultra short-term Treasurys have rallied so much that the 1 month bill now yields over 150 basis points less than similar instruments at the Federal Reserve. Jeff Snider, chief strategist at Atlas Financial and host of Eurodollar University, joins Jack Farley to discuss. Filmed on Friday, April 21, 2023.

Today's show is sponsored by Public.com: Get a 5.1% yield when you open a government-backed Treasury Account by going to https://public.com/forwardguidance

Follow Jeff Snider   / jeffsnider_aip  
Follow Jack Farley on Twitter   / jackfarley96  
Follow Forward Guidance on Twitter   / forwardguidance  
Follow Blockworks on Twitter   / blockworks_  

Timestamps:
00:00 Intro
04:30 Money Is Getting Herded Into Highest Tier Of Collateral
07:54 Liquidity Preference Is Extreme
15:21 Treasurys Role In Banks' Asset & Liability Management
18:47 Credit Crunch
22:35 Public Ad
23:39 Are The Bank Runs Over?
30:42 Is The "Mild Recession" Forecast Plausible?
33:57 How Many More Rate Hikes Does The Fed Have In The Chamber?
35:41 The Fed's Efforts To Help The Banking System (BTFP, Discount Window, etc.)
39:40 Were Rate Hikes To Blame For The Collapse of Silicon Valley Bank (SVB)?
43:08 Impact of Quantitative Easing (QE) On Bank Deposit Levels
44:50 Was There "Money Printing" In 2020?
47:42 Did The Banks Take Too Much Interest Rate Risk in 2020 & 2021?
49:48 Defining "Deflationary Money"
55:12 LIBOR Futures Will Be Phased Out, Right?
56:37 Counterargument: Debt Ceiling Is The Reason Short-Term Treasury Bills Are Trading At Such A Premium
01:02:32 Summary Of Jeff's Views On Credit Crunch & Deflationary Money