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US Swaps Bets Backfire, Wiping Out Billions From Funds in Chile

Source: Bloomberg

Interest Rates & YieldsGeopolitics & WarInflationEmerging MarketsDerivatives & Volatility

Chile’s pension funds, used by millions of people, are racing to close out bets on US interest rates that have backfired after the Iran war triggered a global inflation shock. The exposure has left them facing billions of dollars in losses.

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