0
$\begingroup$

How to read the notation used for the swap rates in Table 20.6 below? What does 2.412/452 means?

enter image description here

Improve this question
$\endgroup$

1 Answer 1

Reset to default
2
$\begingroup$

That is 2.412 bid, 2.452 offered. A 4bp wide market.

Improve this answer
$\endgroup$
1
  • $\begingroup$ If you want to receive fixed you will receive 2.412, if you want to pay fixed you will have to pay 2.452 $\endgroup$
    – nbbo2
    Apr 15 at 6:59

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge that you have read and understand our privacy policy and code of conduct.

Not the answer you're looking for? Browse other questions tagged or ask your own question.