BlackRock, Pimco slash mutual fund swaptions books

Counterparty Radar: US retail funds retreat from trade as Morgan Stanley becomes top dealer in Q2


BlackRock cut its interest rate swaptions exposure by 46% in the second quarter of the year to $14 billion notional amid a wider retreat from the instrument by mutual funds and exchange-traded funds.

Across all US retail funds, the overall value of swaptions contracts fell 21% to $183 billion notional, data aggregated from Q2 US Securities and Exchange filings by’s Counterparty Radar service showed.

All but one of the 10 most-active managers in the space reduced their positions

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

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