LDI activity rebounds in Q2 after subdued Q1; LIBOR to SONIA switching driving activity

Stephanie Baxter
clock • 3 min read

The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.

This was an 8% increase from the first quarter when interest rate hedging activity had fallen by 4% to £27.4bn, the firm's quarterly survey found. Inflation hedging, which fell by 14% from Q4 2017 ...

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