International Finance Review/Christoper Wittal/7-23-2022
“This year’s steep rise in financing costs is causing a once-in-a-generation cash crunch for borrowers in capital markets that have used derivatives to hedge their debt issuance, forcing many to scramble to find additional funds to meet margin calls they face on swap positions.”
USAGOLD note: We get the feeling, given the amount of leverage rattling around markets, that the situation described at the link above is one of many black swans circling the financial pond.
