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Estimate of the Working day
“The irony in this reduction of trust is that the best driver is tech by itself. What produced the Silicon Valley Lender run one of a kind was (1) the ease with which its customers could execute withdrawals and (2) the speed with which news of Silicon Valley Bank’s impending demise distribute.”
Chart of the Working day
Treasury costs have reacted strongly to this weekend’s gatherings. (chart through @ycharts)
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Supply connection
Monday back links: a decline of have faith in