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8 months ago
US SWAPS-U.S. swap spreads widen after Fed signals more rate hikes
December 14, 2016 / 9:17 PM / 8 months ago

US SWAPS-U.S. swap spreads widen after Fed signals more rate hikes

NEW YORK, Dec 14 (Reuters) - Discounts on the interest rates on longer-dated U.S. interest rate swap contracts below the yields on U.S. Treasuries fell on Wednesday after the Federal Reserve signaled a faster pace of rate increases in 2017 than what some traders had expected.

The 10-year swap spread was last quoted at -12.00 basis points, its least negative in a month and compared with -14.00 basis points on Tuesday, according to Tradeweb. (Reporting by Richard Leong; Editing by Nick Zieminski)

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