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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. |
Until recently the three letters LDI meant absolutely nothing to US pension funds. But that could be about to change.
LDI, or liability-driven investment, has become an obsession for those involved in interest rate markets, and is largely responsible for the dramatic reshaping of the term structure of rates in the long end of both the UK and eurozone curves.
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