Playback speed×Share postShare post at current time0:00/Paid episodeThe full episode is only available to paid subscribers of Navigating The MarketSubscribe to watchDispersion Gets More Extremes As The T-Bill Liquidity Drain BeginsMichael J. KramerJul 06, 2026∙ Paid6ShareThis post is for paid subscribersSubscribeAlready a paid subscriber? Sign inNavigating The MarketSubscribeAuthorsMichael J. KramerRecent PostsThe Vol Market Appears To Be Working On A Lag3 hrs ago • Michael J. KramerSemiconductor CDS Are Widening... Aug 18 • Michael J. KramerRates Keep Climbing, And Stocks Stay PinnedAug 17 • Michael J. KramerBond Yields Look Through Weak Data Aug 14 • Michael J. KramerMarket Liquidity Appears To Be Fading Faster- Advanced TopicAug 14 • Michael J. KramerVol Up, Correlations Up, Stocks Up, Dispersion DownAug 13 • Michael J. KramerThe Dispersion Unwind May Still MatterAug 7 • Michael J. KramerPayrolls Miss As A Shrinking Labor Force Becomes The Real Story - Advanced TopicsAug 7 • Michael J. Kramer