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steepener trade

German translation: auf eine steilere Zinskurve ausgelegte Position

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:steepener trade
German translation:auf eine steilere Zinskurve ausgelegte Position
Entered by: Beate Lutzebaeck
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04:46 Jun 20, 2005
English to German translations [PRO]
Bus/Financial - Investment / Securities / Credits
English term or phrase: steepener trade
• We are currently underweight Telecoms. This reflects our overall bearish stance on credit as a whole: we express our bearish view through liquid sectors and Telecoms is one of them.

• Within telecoms we became particularly more cautious on the long end, which underperformed since the moment we put ***steepener trades***.

• Fundamentally we view the telecoms sector as stable. Deleveraging is as good as over. Cash flows are very robust, but increased pay-outs to shareholders are now on the agenda. Moreover, M&A is picking up, but seems to take the shape of relatively small and manageable bolt-on acquisitions.

Bitte nur Antworten von Kollegen mit fundierter Kenntnis der Materie - danke!
Beate Lutzebaeck
New Zealand
Local time: 21:00
auf eine steilere Zinskurve ausgelegte Position
Explanation:
Ein "Steepener" ist eine Spread-Position, die von einer steiler werdenden Zinskurve profitiert. Der Spread besteht aus einer Long-Position am kurzen und einer Short-Position am langen Ende der Kurve.

Das Gegenteil - den "Flattener" - hatten wir vor zwei Jahren... *g*
Selected response from:

Ralf Lemster
Germany
Local time: 11:00
Grading comment
Nochmals vielen Dank!
4 KudoZ points were awarded for this answer

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Summary of answers provided
4 +1auf eine steilere Zinskurve ausgelegte Position
Ralf Lemster


  

Answers


12 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
auf eine steilere Zinskurve ausgelegte Position


Explanation:
Ein "Steepener" ist eine Spread-Position, die von einer steiler werdenden Zinskurve profitiert. Der Spread besteht aus einer Long-Position am kurzen und einer Short-Position am langen Ende der Kurve.

Das Gegenteil - den "Flattener" - hatten wir vor zwei Jahren... *g*


    Reference: http://www.proz.com/kudoz/361531
Ralf Lemster
Germany
Local time: 11:00
Specializes in field
Native speaker of: German
PRO pts in category: 1394
Grading comment
Nochmals vielen Dank!

Peer comments on this answer (and responses from the answerer)
agree  Dipl.-Kfm. Bernhard Aicher MBA
2 hrs
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