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Chile Pension Funds Breath Sigh of Relief as Swap Losses Narrow

Source: Bloomberg

Interest Rates & YieldsDerivatives & VolatilityInvestor Sentiment & PositioningEmerging Markets

Chilean pension funds' returns rebounded in October as falling US yields narrowed losses on their large interest-rate swap positions. Those positions have drawn politicians' anger and weakened savers' confidence in the pension system; the article gives no return figures or market reaction.

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