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Pronunciation varies by accent · noun
(finance) A trade whose terms are based on the assumption that the rate of return will increase..
Steepeners are one example where cashflows are computed as difference between two swap rates, e.g. the 10 years and the 5 years. As the name of instrument suggests, this gives a view on the steepness of the swap curve.
Provided that the curve doesn't ever flatten too much and the option remains out-of-the-money, then we will put on flatteners when the curve steepens and put on steepeners when the curve flattens.
Use steepener when its meaning, tone and grammar fit the full sentence. A synonym is not always a direct replacement.
Steepener means (finance) A trade whose terms are based on the assumption that the rate of return will increase..
The closest synonym depends on the sentence and intended sense.
The opposite depends on the specific sense.
Steepeners are one example where cashflows are computed as difference between two swap rates, e.g. the 10 years and the 5 years. As the name of instrument suggests, this gives a view on the steepness of the swap curve.
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