USDC... is not UST lol just fyi seeing a lot of people makin that comparison. One was a fugazi algorithmic stablecoin backed by nothing. USDC is backed by cash, and cash like instruments like short term bonds. the money in their SVB account is negligible and haircut is <5%
HEADLINE NUMBER IS BAD BUTTTT WAGE INFLATION LOWER THAN EXPECTEd... UNEMPLOYMENT UP... 2/3 BULLISH. I am leaning bullish. Bond market massively rallying. yields dropping hard. 50bp hike is now under 50% odds. Net net good. Cheers. Good luck
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