MassMutual exited inflation hedges in Q2

Counterparty Radar: Closure of $1.5 billion book dealt a blow to BNP Paribas’s dealer ranking


Massachusetts Mutual Life closed out its inflation hedges in the second quarter, becoming the first major US life insurer to entirely withdraw from the space.

The Springfield, Massachusetts-based firm had a $1.5 billion book of inflation swaps – the third largest among US life insurers – at the end of Q1. That dropped to zero at the end of June, according to industry filings.

While other investors such as mutual funds and exchange-traded funds have drastically cut their inflation swap holdings

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 or view our subscription options here:

You are currently unable to copy this content. Please contact 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 View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

Digging deeper into deep hedging

Dynamic techniques and gen-AI simulated data can push the limits of deep hedging even further, as derivatives guru John Hull and colleagues explain

You need to sign in to use this feature. If you don’t have a 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