Eurodollar University, Released on 7/29/24

A whole lot going on in the eurodollar shadows. Record high repo pool (reverse repo) at the Fed. Bull steepening even more aggressively outside of Treasuries. Primary dealers absolutely hoarding collateral to a degree we haven’t seen since March 2020. Banks around the world heavily buying safety and liquidity. The dollar hammering currencies. But why?

Jeff Snider is head of global investment research for Alhambra Investment Partners, a registered investment advisory based in Palmetto Bay, Florida. As Head of Global Investment Research for Alhambra Investment Partners, Jeff spearheads the investment research efforts while providing close contact to Alhambra’s client base. Jeff is published nationally at RealClearMarkets, ZeroHedge, Minyanville and Yahoo!Finance. Jeff holds a FINRA Series 65 Investment Advisor License. His company Eurodollar University aims to educate the public on the evolution, nature, and nuances of the Eurodollar system and true monetary principles.

  jeff snider