Cash Structured Finance Instrument Price
Cash Structured Finance Instrument Price. When the price is above a certain level (70), you get a quote in reference to an index e.g. LIBOR+50bp i.e. the yield. When you get below a certain price you get a quote such as 65c to a dollar. Percentage? not seen. Would be a whole number, interpreted as c/$
This might be a Price, a Spread or a Yield, i.e. "here's the price., the current Yield is this, and here's the Spread".
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