15/12/17

Global Dollar Liquidity Shortage Explodes - Worse Than European Crisis



----
Global Dollar Liquidity Shortage Explodes - Worse Than European Crisis
// Zero Hedge

Very quietly, in the last few days, cross currency basis swaps (CCBS) related to the dollar have reversed their rise and started collapsing deeper into negative territory… again. This might not be of much interest to buyers of global equity markets at this point, but it is signalling ominous signs of growing funding stress in the financial "plumbing".

As Bloomberg notes "cross-currency basis swaps, which money managers and corporate treasurers outside the U.S. can use to borrow in dollars, remain close to the ...

Posta un commento