(Reuters) - The new product, called the Lehman Brothers Municipal Index
Swap, is a forward-starting agreement allowing investors to
take positions on the yield of new five and 10-year swap
indexes, the firm said in a primer.
The new swap product is a response to the rapid expansion
of municipal structured products in the past few years and
increased penetration of foreign investors into the $2.4
trillion U.S. tax-exempt market.
Read more at Reuters.com Bonds News
Swap, is a forward-starting agreement allowing investors to
take positions on the yield of new five and 10-year swap
indexes, the firm said in a primer.
The new swap product is a response to the rapid expansion
of municipal structured products in the past few years and
increased penetration of foreign investors into the $2.4
trillion U.S. tax-exempt market.
Read more at Reuters.com Bonds News
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