steepener
Word Rarity
Very rare
Frequency: Zipf frequency 0.00 in modern English
11
Scrabble Score
9
Letters
3
Syllables
6
Unique Chars
Meaning
noun
A trade whose terms are based on the assumption that the rate of return will increase.
Example Sentences
- "Steepeners are one example where cashflows are computed as difference between two swap rates, e.g. the 10 years and the 5 years. As the name of instrument suggests, this gives a view on the steepness of the swap curve."
- "Provided that the curve doesn't ever flatten too much and the option remains out-of-the-money, then we will put on flatteners when the curve steepens and put on steepeners when the curve flattens."
Etymology
From steepen + -er.