In case you didn’t know, Turnpike board member Mary Connaughton writes a blog over at the Herald that is well worth checking in on. One of her latest posts, coming on the heels of the swaptions news of the week, is an excellent primer on what swaptions are and how they can go bad. In general, her posts are heavy on the numbers, which should delight the number-crunchers hereabouts.
Please share widely!
