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Do You Have a Curve for Bilateral Cash Lending Rates?
Iwerd: When the morket gets like really frothy and goes up, like financing quasts get really high. Back dated future contracts get really expensive to spot,. There's like that implied risk free rate for the short term es really lay at ar between futures and current. So if too many people were playin that arb off futures, then, a, the borrow rate for actually doing it could be, could make it less attractive.