“Since the agency only announces its issuance calendar once a year, this gives us much more flexibility to manage our fixed income portfolio,” said Schleif. “We are now using this instrument as part of our regular business.”
Germany's move into the swaps market echoes initiatives by several major European countries over the past few years. France, Holland and Italy have been using swaps for a number of years now, and Spain is also planning on starting a swaps programme.
The week on Risk.net, March 10-16 2018Receive this by email