The Traderszone Network

Published in TZ Latest News 27 September, 2015 by The TZ Newswire Staff

Wholesale Money Markets Are Broken: Ignore "Perverted" Swap Spreads At Your Own Peril

At the height of the financial crisis, the unprecedented decline in swap rates below Treasury yields was seen as an anomaly. The phenomenon is now widespread, as Bloomberg notes, what Fabozzi’s bible of swap-pricing calls a “perversion” is now the rule all the way from 30Y to 2Y maturities.

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