2021 Week 11 — Lectures 19 & 20, Reading 10
We're discussing the following for week 11: Lecture 19: Interest Rate Swaps NOTE: Part 4 of this lecture is missing from Perry Mehrling's site and the YouTube playlist. Here's a direct link.Part 4: What is a Swap Lecture Notes Selling an IRS is like borrowing in the repo market to finance the holding of a …