Ford reaps derivatives gains following interest rates dip

Gains on derivatives buoyed Ford’s financial services arm’s earnings over the 12-months to end-June, adding $125 million to earnings before tax (EBT). 

The company reported that lower interest rates pushed up the mark-to-market valuation of derivatives held by Ford Credit over the year. Derivatives assets totalled $1.2 billion as of end-June, up from $670 million in Q1 2019 and $709 million the same quarter a year ago.

EBT for the first half of 2019 were $1.6 billion, up 27% compared with $1.3

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