The Basics #14: I/R Swap Spreads
Interest rate swaps are some of the most powerful financial instruments invented, utilized to great effect by practically everyone everywhere operating in the system. So, why is there what sure seems to be a complete if unofficial blackout on them? Quite simply, no matter how complicated these derivatives might be in practice, the signals derived from them are as easy to digest as they are critical. It’s what those indications have to say…therefore about whom.
