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 ?
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.
SMA's Quarterly Fab Report sees equipment sales nearing an all-time high, benefiting suppliers such as Applied Materials, KLA-Tencor and Lam Research, to name few.
The just published Quarterly Fab Report encompasses all new fab activity during the past quarter as well as current capital spending plans and a detailed analysis of fab activity in the coming year.
We believe the Yokkaichi Fab 3 which is rapidly ramping, together with the new Fab 4 will have a highly competitive cost structure.
This press release contains certain forward-looking statements, including statements about our business outlook, technological advancements, construction timetables, production schedules and output and effects on financial performance, costs of new fab facilitization, new markets and customers, supply and demand, and sales that are based on our current expectations and involve numerous risks and uncertainties that may cause these forward-looking statements to be inaccurate and may significantly and adversely affect our business, financial condition and results of operations.
The success of Fab 36 builds upon the tremendous achievements of Fab 30, which is located adjacent to Fab 36 and manufactures chips on 200mm wafers.
Fab 30 and Fab 36 are the cornerstones of AMD's flexible capacity growth plan, which focuses on bringing the right amount of capacity online at the right time through ongoing, incremental increases to total output.
The Fab 12 conversion project, which began in 2004 and cost roughly $2 billion, was completed in approximately 18 months.
Intel's other facilities that manufacture using 300mm wafers are Fab 11X in New Mexico, D1D and D1C in Oregon, and Fab 24 in Ireland.