Five Against Bond Spread

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Five Against Bond Spread

A spread in which an investor has offsetting positions on five-year Treasury notes and long-term Treasury bonds with maturities from 15 to 20 years. That is, an investor takes a short position on five-year notes and a long position on the long-term notes or vice versa. In doing so, the investor hopes to take advantage of the difference in the interest rates between the two instruments.
References in periodicals archive ?
According to the Quarterly Fab Report, the fully equipped value of the 35 new fabs is expected to reach $56 billion over the next two to three years as the new fabs continue purchasing equipment to support their respective ramps to full capacity.
Strategic Marketing Associates Reports Continuing Construction of New Fabs Will Fuel Industry Growth While Risking Overcapacity, Especially in the Memory Arena
The Fab 5 are overwhelmed and thrilled about how many nongay people the show appeals to.
Kidding aside, the Fab 5 all look forward to the day when gay people on TV are not a novelty.
Find exclusive outtakes from this conversation with the Fab 5 and The Advocate's historical time line of gays and style at www.
Currently, AMD is successfully ramping 65nm process technology in Fab 36, and revenue shipments remain on track for the fourth quarter of 2006.
The core activity of the Kulim fab is to produce power semiconductors which enable efficient energy management, such as CoolMOS and IGBT chips for industrial applications and SMART-Power chips for use in cars.
Investment in Fab 4 over the two years from April 2006 to March 2008 is expected to reach about 300 billion yen.
Fab 4 is expected to come on line in the fourth quarter (Oct-Dec) of 2007, with an initial capacity of 2,500 wafers a month.