Crucial (and complicated) concepts in public money explained. Put very simply, an interest rate swap occurs when a person or entity with debt makes a deal with a creditor in which that creditor ...

Unlike the visible evolution in equities or FX trading, the IRS market—especially the interdealer segment—has lagged behind ...

A $10 million, semi-annual reset, interest rate swap entered Friday, April 15th, for example, might have required Citi to pay JPM the difference between the fixed rate of 1.40% and 6-month LIBOR ...

The interest rate swap market is the cash cow that explains the megabanks’ resistance to replacing LIBOR. But this market is the most dangerous of the three markets priced using LIBOR. It’s a ...

As the Fed continues its pattern of reducing interest rates, it’s becoming a favorable time to borrow money. As of this writing, the 10-year Treasury is at 1.781%, according to data from The ...

The report shows that the 19 schools sampled in the report lost approximately $2.7 billion dollars due to swaps and based on a random sample, 58 percent of schools own interest rate swaps.