In anticipation of rising interest rates, banks last year began adjusting their risk management strategies, and dramatically reduced holdings of interest rate options and futures to hedge their portfolios.

To help them weather the coming bear market, banks stuck with interest rate swaps as a means of keeping their own portfolios hedged.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.