BLOOMBERG Bloomberg July 3, 2024
Claire overnight financing that are levered to treasuries. The nonbank space is large. Alix when it shakes out does the regulator shift to them . Ubs thinks the default rates will peak in the private market. That tells you there is a significant amount of stress there. That 10 might not break the bank. But if you get through that 10 default rate, how much money do you really lose . Estimate question. Guy so his conviction call about the restructuring of the market. How big is the opportunity, how selectively you have to be . He sees that as his conviction call. How claire is it working . Clair...