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BNP’s Asset Unit Shorts China Rate Swaps to Hedge EM Bond Bets

BNP Paribas Asset Management has been hedging its bullish bets on higher-yielding emerging-market bonds by shorting offshore Chinese interest-rate swaps, according to James McAlevey, head of global aggregate and absolute return.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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