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Pat's avatar

Do you mind elaborating a bit more on this point: "With the yield curve uninverting, foreign FX-hedged investors should start returning to dollar markets"? Why would curve uninverting prompt foreign fx-hedged investors back to dollar markets?

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JW's avatar

With the fed's FX swap lines at OIS+25, why is it that at times (on non qtr end / year end dates) the very short end of USDJPY XC still squeezes and trades well below -50bp etc? Just balance sheet costs of intermediating between a customer (or dealer) vs the fed?

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