Rising cost on U.S. rate swaps raises worries

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Rising cost on U.S. rate swaps raises worries

Rising cost on U.S. rate swaps raises worries
NEW YORK (Reuters) - A widening gap in the costs to hedge interest rate risk between platforms based in London and Chicago is generating losses for Wall Street dealers and creating concern about how well this corner of the bond market will respond when the Federal Reserve raises rates.

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