Question: Basis swaps are swaps where, instead of one payment stream being based on a fixed interest rate, both payment streams are based on different floating

Basis swaps are swaps where, instead of one payment stream being based on a fixed interest rate, both payment streams are based on different floating interest rates. Why might anyone be interested in entering a floating-for-floating interest rate swap? (You should assume that both payment flows are denominated in the same currency.)

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