I saw IRS comes with Bonds supplements like Pricing Bond Details Swap spreadBond: Qty: USD.OTR.2Y 80%USD.OTR.5y 60%data are not real so it might not make sense. but generally what is this for? Is it to specify certain bond for discounting?

Huh? "IRS comes with Bond supplements"? I think you need to read some very basic literature on swapspreads. Or search this forum and you shall find things."data are faked"? This isn't ZeroHedge, so pls don't get carried away here...

maybe I should say data is not from real trading details. I have changed that. I am not working on desk so I have no access to real data. by searching previous threads http://www.wilmott.com/messageview.cfm? ... SGDBTABLE=, I found out this is typically for USD IRS but not EUR. I did try to book EUR IRS, bonds pricing details did grey-out.

What, precisely, is your question?

Quotefor EUR IRS, bonds [spread] details did grey-outIt makes sense to compare USD swap rates to USTR bond yields (the swapspread)But you want to compare EUR swap rates to what? Bunds, Greek Bonds, ... . Each of the 17 govt bond markets has a different swapspread. Welcome to the EuroZone!

QuoteOriginally posted by: acastaldoQuotefor EUR IRS, bonds [spread] details did grey-outIt makes sense to compare USD swap rates to USTR bond yields (the swapspread)But you want to compare EUR swap rates to what? Bunds, Greek Bonds, ... . Each of the 17 govt bond markets has a different swapspread. Welcome to the EuroZone!Thanks acastaldo. My orthodox view to build zc curve is by using deposits+futures+swaps. now I know US IRS zc curve is built from treasury bond which agree with its name, zc curve. But for deposits+futures+swaps approach, where do you get swaps rate since you are eventually using curve to calculate swap rates? it looks like chicken egg dilemma

QuoteOriginally posted by: archlightThanks acastaldo. My orthodox view to build zc curve is by using deposits+futures+swaps. now I know US IRS zc curve is built from treasury bond which agree with its name, zc curve. But for deposits+futures+swaps approach, where do you get swaps rate since you are eventually using curve to calculate swap rates? it looks like chicken egg dilemmaUS IRS curve is NOT built from Treasury bond yields.

QuoteOriginally posted by: acastaldoQuotefor EUR IRS, bonds [spread] details did grey-outIt makes sense to compare USD swap rates to USTR bond yields (the swapspread)But you want to compare EUR swap rates to what? Bunds, Greek Bonds, ... . Each of the 17 govt bond markets has a different swapspread. Welcome to the EuroZone!EUR swap rates are conventionally compared to Bund yields, and this is the usual context you will see EUR swap spreads quoted. But you are certainly free to line them up with any other EZ government bond yields.