If cross currency basis indicates that USD funding through swaps costs more than it costs to borrow in the money market directly, and this is supposed to show a USD shortsge, then why haven’t the money markets for USD become more expensive to borrow in as well?
Are there two different markets here?
PS. Just moved this to Investment banking. Not getting a peep in corporate finance
| +161 | How to stop feeling like shit for not making it in IB? | 59 | 2s | |
| +118 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 59 | 1h | |
| +84 | Updated LA Banking Scene (2024) | 60 | 1h | |
| +39 | Ranking banks that went under | 22 | 32m | |
| +37 | Burnt Out M&A ASO | 19 | 2s | |
| +35 | Relevance of A-Levels for U.K. London recruiting | 24 | 3h | |
| +32 | A strategy for SA applicants late to the game like myself | 15 | 22h | |
| +27 | Series 79 Help / Tips to Pass The First Attempt | 11 | 2d | |
| +27 | Intern Ettiquette | 4 | 1d | |
| +23 | What are hours like at BBs in London? | 47 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Rerum provident deserunt facilis officia dolorem possimus. Est nihil libero sed commodi voluptas qui. Consequatur accusamus consequatur quia. Exercitationem eum ea ut optio.
Nihil explicabo quibusdam facere placeat. Harum dolorem ut amet modi architecto voluptatem explicabo. Voluptatem sit quia quaerat est. Ab qui tenetur voluptates qui ab sed. Omnis aut odit est consequatur accusantium. Quisquam beatae officiis sunt voluptas.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...