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US Swaps Bets Backfire, Wiping Out Billions From Funds in Chile

Wednesday, October 14, 2026 - 11:52
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US Swaps Bets Backfire, Wiping Out Billions From Funds in Chile
The pension funds used by millions of Chileans are racing to close out bets on US interest rates that backfired after the Iran war unleashed a global inflation shock, exposing them to billions of dollars of losses.

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