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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The Fab Force program is now organized around specific themes each led by Orange Silicon Valley's experts.
At a Fab Lab, they made the toolbox they envisioned.
Bahrain's own Fab Lab is expected to be operational and open for visitors and users by the end of the year.
There are two product development engineers permanently based at the Fab Lab who have been able to assist a number of local Micro and SME businesses in taking their product to market.
"These FABs will have a big impact on the development of Electronics System Design and Manufacturing eco-system across the country," the government said.
A member of staff at The Manufacturing Institute in Manchester demonstrates the Fab Lab's facilities to a young visitor
In the present study, we have produced a human/mouse chimeric anti-LF Fab (LF8-Fab) in Escherichia coli which could specifically identify LF with an affinity of 3.46 x [10.sup.7] L/mol and could neutralize LeTx in vitro with an E[C.sub.50] of 85 [micro]g/mL.
"Basically, [the Fab Lab is] a place to take your ideas from a sketch board to physical reality," says Sherry Lassiter, a program manager who helps coordinate Fab Lab projects worldwide at the MIT Center for Bits and Atoms, an interdisciplinary initiative that investigates the boundary between computer science and physical science.
He said over the next five years TSMC will invest over NT$500 billion (US$17 billion at US$1: NT$29) in Fab 14, which is estimated to create around 7,000 jobs.
Sethi told the committee that Secretary General International Telecommunication Union during his recent visit to Pakistan appreciated the endevours initiated by FAB modernize available infrastructure of IT and telecommunication sector.
ISLAMABAD -- Frequency Allocation Board allocated frequencies for 44 FM licenses but spectrum auction fee along with annual spectrum fee were not remitted to FAB by PEMRA that resulted loss of Rs 100 million to the state.
Jarzembowski nevertheless spoke of "good experiences" in service provision at operational level in the case of the Denmark-Sweden and UK-Ireland FABs. He also reported good news for the Bulgaria-Romania FAB: the agreement between the two states was signed in December 2011.