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In a plain vanilla fixed-for-floating interest rate swap, when is the rate at which a particular floating payment will be made normally fixed?

Suppose that you think that a particular reference entity that is part of the iTraxx Europe investment grade CDS index is likely to strengthen relative to the index. In order to trade this view, what protection should you buy and what protection should you sell?

Which of the following best describes a simple method for calculating the DV01 of a swap position under LIBOR discounting?

The roll-down on a fixed income position is usually calculated as:

Which of the following statements is NOT true of the process by which credit ratings are assigned to corporate issuers and obligations?

If the default swap basis for a particular credit is significantly negative and you believe that it should be zero, how should you trade?

Suppose that you are long 1000 September Bund futures contracts. Each contract has size €100,000. The bond that is currently cheapest to deliver into the contract has a conversion factor of 0.8000 and a BPV of 0.07800. If Bund yields were to increase by 1 basis point, approximately what mark-to-market profit or loss would you expect to make on your position?

Suppose that you think that interest rates are likely to decrease. You decide to trade this view by entering into an interest rate swap. Should you pay fixed or receive fixed in the swap?

A convertible bond for which the conversion option is so far out of the money that its investment value is impaired is usually said to be:

Which of the following best describes the relationship between the Z-spread and the OAS for a callable bond?