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Special focus: Sub-prime and leveraged loans

Special focus: Sub-prime and leveraged loans

Follow the buildup to today's subprime and leveraged loan problems.

Sovereign wealth funds

Sovereign wealth funds

An in-depth look at the state-owned sovereign wealth funds that dominate the attention of the world's financial markets

January 2007

Derivatives market: New drivers for US dollar inflation swap activity


Roger James reports on why the market might finally be ready for takeoff.




A version of this article first appeared in Total Derivatives.

Total Derivatives is the prime source of real-time news and analysis of the global fixed income derivatives markets.

Despite the slow start to the inflation derivatives markets in the US, a combination of factors are converging to speed up flows and promise sharp growth in the near future.

Recent research from Barclays Capital notes that: “After very little trading over the past year, interest in receiving inflation on the 30-year CPI swap has picked up, leading to a richening in that part of the curve. Initially this did not prompt opposing flow due to the perception of illiquidity.”

Ian Hale at RBS agrees that the dollar inflation market is on the up, even if a year ago and in...


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