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JPMorgan’s Whale Trades Raise Cost of Hedging IG9 Company Debt – BusinessWeek

JPMorgan's Whale Trades Raise Cost of Hedging IG9 Company Debt
BusinessWeek
JPMorgan used the instruments to hedge exposure on loans and other credit risks tied to corporations, banks and sovereign governments. The losses emerged after the firm tried to reduce that position, Dimon said. Swaps tied to AT&T have climbed 8.4

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