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The BIS CGFS Paper; '#USD funding: an international perspective' holds some interesting insights on global #CapitalFlows, holders of USD-denom assets & risky areas of the 'plumbing' - bis.org/publ/cgfs65.pdf Some takeaways...1/4 USD #perspectives... 
2/4 Overview of the characteristics of #USD funding markets...#Europe has pulled back from #USD cross-border flows since GFC, #UK, #Japan, #Canada & #OFCs remain dominant...#GlobalTrends #CapitalFlows
3/4 #GlobalTrends - Market-based finance's big role in #US corporate funding, #CorporateCredit, #LeveragedLending, #CLO trends & the increased footprint of #Japan, #SouthKorea & #Taiwan in this space...Overview of recent #SwapLine trends... #Macro #Risks
