Interest rate swap spreads tighten post-Dodd-Frank, signaling safer hedging options.
This study looks at how new rules affected interest rate swap prices. They found that after the rules, swap prices didn't change much. Also, swap prices were more stable even when swap rates went up. The rules made swaps seem safer and better for protecting against risks. The study showed that some factors that used to affect swap prices no longer do. Overall, the rules didn't have a big impact on swap prices, which is different from what other studies found.