Disliked{quote} re: bold text - I'm just going to pretend you didn't say this, so we can continue a quite interesting discussion (silly comment btw, probably accidental) the graph being inverted has nothing to do with it. I could flip it upside down if it benefits you... Either way, on the original point, there is no credit risk in the EZ. While most things are considered as strong as their weakest link, the euro zone is in an odd peculiarity... its as weak as its strongest point. The problem is not with the credit risk, its about the credit transmission...Ignored
Im sorry, was there a period of extreme volatility in 6 month us rates during 2010- q1 2013 that i missed?
can you even give an in depth explanation of what cross currency basis measures?
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