Bonds and swaps struggled in virus volatility

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

As collapsing oil and stock prices caught the world’s attention on March 9, rates markets were hit by a liquidity shortage that left traders groping for the right comparison.

The head of European rates at one US bank said conditions were “worse than in the financial crisis”. A senior rates trader at a European bank said trading was “as bad as when Greece was looking to drop out of the euro – maybe even worse”.

Worryingly for markets that are bracing for further bouts of volatility, traders

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]