Basis swap window closes for euro funders

17 Sep 2009

The euro/dollar basis swap market still offers once-in-a-lifetime cost savings for European borrowers of dollars, but they had better move quickly as the window is shutting fast.

Over the past two or three weeks a host of non-US names have been drawn to the dollar market. There are many good reasons to want to issue in dollars but top of the list are the mouth-watering prices in the basis swap market.

"The dollar market is ...

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