Nordea Traders Hit by Losses on Surging Interest Rate Outlook

Nordea Bank Abp’s rates traders were wrong-footed in March when the Iran war caused a rapid change in the market outlook for monetary policies.

By Evelina Youcefi, Ott Ummelas · Bloomberg Markets

Nordea Bank Abp’s rates traders were wrong-footed in March when the Iran war caused a rapid change in the market outlook for monetary policies.