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SYNERGY MACRO TERMINAL
Rates · Liquidity · Scarcity · Credit · Power · 2026-09-10
Credit & StressTHURSDAY

Where the crack shows first. HY/IG OAS, rate vol, refinancing.

The CorridorPlumbingScarcityCredit & StressGovernance & Power
THURSDAY · 2026-09-10 · Credit & Stress

The Crack Is Not in Spreads Yet

Credit is calm while rates are not. That divergence is the position.