TYB
o7
When they had winnings at the table.
Now do iBama.
Does is mini swaps. Besides, most swaps in Blowed Up Real Good Land because of Powellnomics. Math sux dat way.
Swaps books are Trillions in notional. Fed swap lines in the Billions.
What yer describing don't even move a needle after a Little Charlie's lunch binge.
Preach it, Moishe!
I know the swap lines, as those are for other Central Banks to meet the US $ shortages by those Central banker's constituents. As the global swap market imploded from the variable side in US, foreign holders of the fixed side are fucked trying to find moar and moar US$ to cover the variables. A very stupid trade that foreign traders bet that the US Fed wouldn't go so far, so fast. Now they're learning exactly what sand in the Vaseline feels like.