Lcayytt2024-07-20 17:42:15

The New Zealand dollar (NZD) is trading at a positive cross-currency basis againstthe U.S. dollar (USD). Sterling (GBP) is trading at a negative cross-currency basisto the USD. Which of the following strategies would generate the greatest return? 答案里说：If the NZD is trading at a positive cross-currency basis to the USD, New Zealandinvestors can earn superior returns by lending NZD via a currency swap andinvesting in U.S. government bonds。 没懂什么意思。视频讲义里对basis的讲解不多。