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Substitution swap

• A swap in which a money manager exchanges one bond for another bond that is similar in terms of coupon, maturity, and credit quality, but offers a higher yield.

 
 

Follow this link for all the terms related to swap.

 
 Embedded terms in definition
 Bond
Coupon
Credit
Maturity
Money manager
Swap
Yield
 
 Related Terms
 

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