SUBSTITUTION SWAP
Exchange carried out by trading fixed-income securities with similar features and higher yielding bonds. It entails swapping one bond for another with higher yield but the same coupon and maturity dates, credit quality, and call feature, among others. It allows the investor to escalate returns without changing the terms or risk level of the security. Investors participate in substitution swaps when they see a temporary discrepancy in bond prices because of market disequilibrium.
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Subprime Meltdown
Situation which affected the mortgage industry in 2007 because of approving individuals with poor credit rating. The housing boom in mid-2000s and ...
False Market
A market in which prices are manipulated by false information, preventing the efficient negotiation of prices. These types of markets will often be ...
Worldwide Coverage
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In the Pink
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 06:30 | Industrial Production | Jul | |
| 08:30 | Producer & Import Prices | Aug | |
| 11:01 | New Yuan Loans | Aug | |
| 14:30 | Consumer Price Index | Aug | |
| 14:30 | Consumer Price Index Core | Aug | |
| 14:30 | Common Core CPI | Aug | |
| 14:30 | Trimmed Core CPI | Aug | |
| 14:30 | Median Core CPI | Aug | |
| 14:30 | Manufacturing Shipments | Jul |
