U.S. SWAPS-U.S. 30-year swap spread most negative since 2012

April 23, 2015 4:32 PM

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NEW YORK, April 23 (Reuters) - The spread on the U.S. 30-year swap interest rate over 30-year Treasuries yield on Thursday turned to its most negative level since late 2012, Tradeweb data showed.

The cost for investors to exchange 30-year floating-rate cash flows for fixed-rate cash flows in the dollar interest rate swaps market has tumbled in recent days partly on hedging on long-dated corporate bonds.

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