A substitution swap is an exchange of bonds undertaken to extend the duration of a portfolio....
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A substitution swap is an exchange of bonds undertaken to extend the duration of a portfolio. adjust for differences in the yleld spread. reduce the duration of a portfolio. profit from apparent mispricing between two bonds. change the credit risk of a portfolio. A substitution swap is an exchange of bonds undertaken to extend the duration of a portfolio. adjust for differences in the yleld spread. reduce the duration of a portfolio. profit from apparent mispricing between two bonds. change the credit risk of a portfolio.
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