<t>if a bank issued 1yr EUR MTN at EUribor flat, and i use the CCS (EUR/USD) to swap into USD, i got L+70bps, but what is the risk about this strategy?I don't find it's attractive, because I don't need to take risk to buy paper, i can just do CCS to get L+70bps, no need to take credit risk, am i rig...