A trader executes a $420 million 5-year pay fixed swap (duration 4.433) with one client and a $385 million 10-year receive fixed swap (duration 7.581) with another client shortly afterwards. Assuming that the 5-year rate is 4.15% and 10-year rate is 5.38% and that all contracts are transacted at par, how can the trader hedge his position? | Financial Risk Manager Part 1 Quiz - LeetQuiz