The Basics #13: I/R Swap Users
Money dealers are critical to the operation of interest rate swaps and so are enormously important to the system. Despite their huge part in it, they’re not actively expressing a position on interest rates. Instead, that’s what swap users are doing. We’ll take a look at what all this looks like from that vantage point. From various uses to evaluating opportunities, the key to decoding swaps is understanding the ins and outs of swap use.
