Reflecting just how complex this market has become, most universities borrow at variable rates and then hedge their interest-rate risk through swaps.

这就反应出了市场变得是多么的复杂，很多大学贷款的比例都不一样，然后通过交换来保护利率风险。

youdao

The proliferation of interest-rate derivatives since the late 1990s means Banks can hedge the risks of holding long-term debt.

90年代后期利率衍生品的扩散增殖意味着银行可以规避持有长期债务的风险。

youdao

As both interest rate risk and exchange rate risk influence bank performance, it is a must to hedge against interest rate fluctuation and exchange fluctuation.

由于两项利率风险和汇率风险的影响银行绩效，这是一个必须以对冲利率波动和汇率波动。

youdao

For speculators looking to place bets on the direction of interest rates (such as hedge funds), interest rate swaps are an ideal instrument.

FORBES: Demystifying The Swap Market

Careful debt-management strategies that avoid short-term borrowing or the bunching of maturities and hedge against interest-rate or exchange-rate swings should come high on the agenda.

ECONOMIST: Down but not out

So how can individual investors hedge their portfolios against interest rate risk?

FORBES: Rising Interest Rates Don't Have To Bring You Down