Hey guys! Could anyone help me get a better understanding of the following:
What is the asset swap spread - I'm looking for a trader/PM's definition, the more detail the better.
Are there people in Credit Trading (in S&T) who actually trade asset swaps as a product all day?
How do you actually think about making money by trading asset swaps, both as a market maker and as a buy-side PM?
Thanks!
Asset swap is a trade where you buy/sell a cash bond vs paying/recv in swap.
I dunno about credit (I doubt it), but asset swaps are actively traded in rates.
What market? This is an area with a lot of devils in the details. If you want an intro, send me a PM and I can fwd you a paper.
Thanks for the help. PM'ed!
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