IR Delta and Gamma. Can someone please explain if my understanding is accurate as relates to a 2yr interest rate swap? You are considered to be long Delta an interest rate swap if you are receiving the fixed rate. As for gamma, which is the rate of change of your delta, suppose the short end of the curve rallies and you are receiving the fixed rate, would this mean you are long gamma?

IR Delta and Gamma. Can someone please explain if my understanding is accurate as relates to a 2yr interest rate swap? You are considered to be long Delta in an interest rate swap if you are receiving the fixed rate. As for gamma, which is the rate of change of your delta, suppose the short end of the curve rallies and you are receiving the fixed rate, would this mean you are long gamma? If the curve rallies, bond prices go up and yields go down, therefore receiving a fixed rate is good for you, therefore long gamma?

Delta, Vega, Gamma, Theta. Can someone explain this simply as it relates to an IR derivatives trade? Also, long vs short delta/gamma, can someone explain this?

IR Delta and Gamma. Can someone please explain if my understanding is accurate as relates to a 2yr interest rate swap? You are considered to be long Delta an interest rate swap if you are receiving the fixed rate. As for gamma, which is the rate of change of your delta, suppose the short end of the curve rallies and you are receiving the fixed rate, would this mean you are long gamma?