Jim
Credit conditions or liquidity are once again tightening (spreads widening) as the economy is loosing momentum from waning stimulus. Watch out. This is a precursor for trouble, which usually means more stimulus.
Commercial Paper 90 days less Treasury Bill 90 days:
Deutsche Bank has a new and improved index of U.S. financial conditions, and this index just slumped back towards the lows of our recent crisis.
Source: businessinsider.com
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