Do dramatic changes in swap spreads indicate bigger problems brewing under the surface of the economy that market analysts have yet to recognize?

Shortfall of the safest assets likely to keep rates on funds low.

Shortfall of the safest assets likely to keep rates on funds low.

Narrower swap spreads may push corporate borrowing costs lower.

Uncertainty about the U.S. debt ceiling pushes short-term bill rates higher.

Uncertainty about the U.S. debt ceiling pushes short-term bill rates higher.

Global FX volatility hit its highest level since 2011 last month.

Global FX volatility hit its highest level since 2011 last month.