June 26, 2023 (NO COMMENTS)
Massachusetts Mutual remained comfortably the largest user of interest rate swaps among US life insurers during the first quarter of 2023, despite a slight decrease in its book. The notional value of the Boston-based firm’s positions dropped 2% to $275 billion compared with Q4 2022, representing 24% of all swaps holdings in the space. Overall, US life insurers held $1.1 trillion of interest rate swaps by notional value in Q1, a 1% drop on the previous quarter, according to data compiled from