<p>U.S. interest rate swaps performed better than U.S. Treasuries, and Barr announced his resignation as Vice Chairman of the Federal Reserve responsible for financial regulation.
The two-year SOFR spread led the way, widening by more than 1 basis point to -15.3 basis points, marking the first occurrence since August 2024.
It is worth mentioning that the U.S. President-elect Trump, who advocates for deregulation on Wall Street, is set to be sworn in on January 20</p>

<p>U.S. interest rate swaps outperformed Treasury bonds, and Barr announced his resignation as Vice Chairman for Financial Supervision of the Federal Reserve. The two-year SOFR spread widened to -15.3 basis points, the first time since August 2024. Notably, the elected president Trump, who advocates for deregulation, will be sworn in on January 20</p>

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