DOLLAR FUNDING COSTS (FX HEDGING COSTS) SURGE – “BASIS SWAPS” WILL POTENTIALLY CURTAIL UST DEMAND — SOURCE: 12-27-17 ZeroHedge – “In An Unexpected Outcome, Trump Tax Reform Just Blew Up The Treasury Market” — Over the past week we have shown on several occasions that there once again appears to be a sharp, sudden dollar-funding […]
DOLLAR FUNDING COSTS (FX HEDGING COSTS) SURGE – “BASIS SWAPS” WILL POTENTIALLY CURTAIL UST DEMAND — SOURCE: 12-27-17 ZeroHedge – “In An Unexpected Outcome, Trump Tax Reform Just Blew Up The Treasury Market” — Over the past week we have shown on several occasions that there once again appears to be a sharp, sudden dollar-funding […]
CREDIT RISK TRANSFER (CRT) BONDS THE NEW “BIG THING” FOR BOND YIELDS Floating Rate, Credit Risk Transfer (CRT) Bonds among best-performing debt of year (>10% v 7.2% HY & 5.9% IG), Fannie Mae and Freddie Mac said they probably will sell around $13 billion of credit-risk transfer securities in their main programs in 2018, Planned tax […]
