steepenerとは 意味・読み方・使い方

名詞

steepener (複数形 steepeners)

1. (finance) A trade whose terms are based on the assumption that the rate of return will increase.
   • 2009, Giovanni Cesari, ‎John Aquilina, ‎Niels Charpillon, Modelling, Pricing, and Hedging Counterparty Credit Exposure (page 155)

     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.

   • 2012, Howard Corb, Interest Rate Swaps and Other Derivatives (page 451)

     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.