Calma piatta sugli steepener
Le curve dei rendimenti in euro e in dollari sono rimaste piatte per larga parte dell'anno, causando la disperazione di quegli investitori che avevano investito miliardi in steepener CMS nel 2005. Gli operatori stanno offrendo la propria consulenza per ristrutturare tali contratti ma non c'è molto che si possa fare per alleviare le pene degli investitori
L'appiattimento delle curve dei rendimenti europea ed americana ha inciso negativamente sui risultati dei CMS (constant maturity swap) penalizzando gli investitori con una valorizzazione mark-to-market negativa delle posizioni e una perdita di valore delle cedole. Alcune banche di investimento hanno deciso di dare una mano ai clienti offrendo alcune opportunità di ristrutturazione e strutture
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