Popular Swaps Trade Faces Moment of Truth on Fed Portfolio Plans
One of this year’s most popular macro strategies, the swap spread trade widener, faces an inflection point in the Federal Reserve’s widely expected update to its $6.6 trillion securities portfolio...
By Edward Bolingbroke · Bloomberg Markets
One of this year’s most popular macro strategies, the swap spread trade widener, faces an inflection point in the Federal Reserve’s widely expected update to its $6.6 trillion securities portfolio at Wednesday’s meeting.