This writer takes a look at the big spike (click on image for larger version) and asks, ”Is this the new point of stress in the global financial system?”
“The 30-year, yen basis swap, after rising gradually away from zero since the beginning of the year, has suddenly spiked – and it seems likely that macro funds will be hurting.”
Link: http://ftalphaville.ft.com/blog/2008/03/18/11687/the-america-premium-this-could-hurt/
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