Markets

Apr 1: BlackRock on swap spreads

Curtis Arledge, chief investment officer of fixed income at BlackRock, says anomalies in the markets are due to "not only the government's role in many of these markets, but also many of the large players in the financial system are operating at much lower leverage levels than they were." He adds: "The traditional relationships between many of these markets are not corrected as rapidly or as fluidly as they would have been at a time when many of the larger players ran larger positions."