Ep 174 - Something Black in the Lentils

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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