Let us resume our tour of hedge fund strategies based on different types of fixed income arbitrage. An asset swap is an over-the-counter agreement between two counterparties to exchange fixed-rate interest payments for floating-rate interest payments. The fixed portion is a position in a fixed-rate loan, such as government or corporate bonds. The floating-rate portionRead more about Hedge Fund Strategies (9) – Asset Swaps[…]Click here for reuse options!
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