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Robin Brooks
robin-j-brooks.bsky.social
did:plc:ud2qlpa2iyw2yamklvfl246q
You're right. Spreads are very low, but a common mistake people make is to see these spreads as an indication of better fundamentals. That's wrong, because the ECB has bought so much sovereign debt from the Southern part of the Euro zone, so spreads are artificially compressed.
2025-09-01T12:14:48.406Z