Clarus Blog Swapalypse Now

(FT Alphaville came up with the "apocolypse/swapscalypse" first. I am not that clever). Hello Swap Spreads As the link to Alphaville shows, the market narrative is adding USD swap spreads to the "people are worried about the basis trade" theme. Whilst there is potentially more notional tied to the basis between cash USTs and CME-traded [...]