释义 |
Intermarket spread swaps Intermarket spread swapsAn exchange of one bond for another based on the manager's projection of a realignment of spreads between sectors of the bond market.Intermarket Spread SwapThe sale of one bond and the purchase of another with completely different terms, such as a different coupon rate or maturity. Alternatively, one may directly swap one bond for the other. Intermarket spread swaps occur when the market and/or one's investment goals have changed, rendering it necessary to adopt a different bond strategy. |