what is gong on with swap spreads this am?
April 30, 2010 at 14:19 PM EDT
Fed also re opening swap lines to ECB - looks ready to do more unsecured dollar lending to them and maybe others. They look to be doing what they did last time around to keep libor down - lend unsecured to bad credits. High risk but it does get rates down. On Fri, Apr 30, 2010 [...]