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@WeirdPal766 I love how we suddenly remembered that UTY was a thing an started posting a lot of fanarts abt it
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vol moves in regimes and tends to jump, especially when increasing. distance to default (D2D) is best qualifier of credit. R2000 D2D is dropping likely headed towards 9 or lower. that indicates BB credit spread will jump towards 3% or more. this has R2000 down 20% plus.
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