Do you want BuboFlash to help you learning these things? Or do you want to add or correct something? Click here to log in or create user.



#asset-swap #finance #gale-using-and-tradning-asset-swaps
A ‘widening’ of swap spreads for lower quality bonds that trade at positive swap spreads, refers to a pooring of the bond (a raise in bond yield compared to swaps).
If you want to change selection, open document below and click on "Move attachment"

pdf

owner: piotr.wasik - Using and Trading Asset Swaps - Giles Gale (Morgan Stanley), p4

y good credit issuers, such as agencies and supras – especially shorter issues, trade at negative spreads to swaps. A ‘widening’ of spreads, therefore, refers to a richening of the bond (a decline i n bond yield compared to s waps). <span>For credits with a positive Libor spread, the opposite is true. As our discussion in this publication concentrates on government swap spreads, ‘widening’ will usually mean ‘richening’. In the US, Treasury spreads are normall y quoted as positive



Summary

statusnot read reprioritisations
last reprioritisation on suggested re-reading day
started reading on finished reading on

Details


Discussion

Do you want to join discussion? Click here to log in or create user.