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Rates Spark: Swap lines imply some pressure

April 22, 2026
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Posted 17 hours ago by

We're in an uncomfortable place on the war. But clearly not uncomfortable enough for risk assets. Bonds are a tad more concerned, but not madly so. Talk of Gulf and Asian centres calling for dollars through swap lines points to potential issues, although not showing up so far in the dollar premium in the cross-currency market

ING Think
ING Think

Coverage and analysis from Netherlands. All insights are generated by our AI narrative analysis engine.

Netherlands
Bias: center

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