
Ep 174 - Something Black in the Lentils
From Clauses & Controversies by Mitu Gulati & Mark Weidemaier
May 11, 2026 · 40 min
About this episode
The episode speculates on the legal implications surrounding Senegal's yield curve and potential bad faith in financial contracts.
Something Black in the Lentils: We are back with our favorite type of podcast — speculation about legal implications built around facts that are constructed entirely from rumor and innuendo. Weird stuff is going on with the Senegalese yield curve. And we wonder whether the weirdness might relate to Senegal’s desire to avoid triggering margin calls on its TRS contracts (which we'd really like to see). If there is some jiggery pokery going on - perhaps with respect to auctions of the three-year maturity - is that bad faith? Possibly, maybe, kinda sorta. We aren't English lawyers. We're barely even lawyers. But maybe there is something strange afoot. Surely it will all soon be disclosed, especially if Senegal defaults and all these contracts go . . . well . . . Producer: Leanna Doty
People in this episode
Hosts: Mitu Gulati, Mark Weidemaier
Topics covered
- legal implications
- Senegal
- yield curve
- margin calls
- TRS contracts
- bad faith
- auctions
Keywords
- Senegal
- yield curve
- TRS contracts
- margin calls
- bad faith
- auctions
- legal speculation
Mentioned in this episode
Organizations: TRS, Senegalese yield curve
Places: Senegal
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- Ep 172 - If Only YPF’s Bylaws Had Been Governed by Texas Law · April 13, 2026 · 37 min
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- Ep 170 - Ethiopia and Senegal: Debt Shenanigans? · February 23, 2026 · 31 min
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