<t>Thanks JD.I had suspected the more senior tranches may be trading as IG names with % upfront and 100bp spreads as in the CDS big bang protocol, but wanted to get some outside confirmation. I just found it absurd that there would be 3 different quoting conventions in the same price run. Thanks aga...

<t>I am mostly concerned about CDX NA IG 9. Formerly, tranche spreads for the 0-3, 3-7, 7-10 tranches were quoted as % upfront with a running spread of 500bp, whereas the more senior tranches were just coupon quotes. However, beginning on May 21st, it appears that the quote convention changed (again...

QuoteOriginally posted by: Domenicwhy pay if you can get it for free?So you have someone to strangle when things go wrong.

<t>QuoteOriginally posted by: adamj1001Hi everyone,I'm trying to figure out what the relation of paying fixed to floating is for Interest Rate Swaps. Is the Mark-to-market higher when a counterparty pays a fixed rate or when a counterparty pays floating?I know the MTM will change as the market moves...