Euro, Swiss swaps trading jump on rate hike chatter

- By Ben St. Clair
- 16 Jun 2022

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Trading in euro and Swiss franc interest rate swaps referencing overnight rates reached record highs last week, as the European Central Bank (ECB) prepares to raise its benchmark rate for the first time in more than a decade.

Swaps referencing mainly the euro short-term rate (€STR) totalled €1.2 trillion ($1.25 trillion) notional for the week ending June 12, according to figures from the Depository Trust & Clearing Corporation’s (DTCC) swap data repository.

!function(e,i,n,s){var t=

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 print this content. Please contact info@risk.net to find out more.

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

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@risk.net