Fixed returns?

Banks have reported huge profits this year in fixed income, with swaps desks benefiting from flows off the back of sovereign and corporate debt issuance. Exotic desks, in contrast, have seen a substantial decline in investor interest. Peter Madigan reports

tim-blake-credit-suisse-0909

Interest rate derivatives markets have been hit by massive upheaval since the onset of the financial crisis. Last year, a number of dealers reported sizeable hedging losses on structured interest rate derivatives products. This year, many banks have reported record revenues in fixed income, largely due to flow business off the back of increased sovereign and corporate debt issuance. In short, the interest rate derivatives market appears to have undergone a dramatic transformation, from a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here