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Roger Lowenstein, Author: "When Genius Failed"
Alpha Exchange
The Downfall of the Spread Trade
Bob Greene: Meriwether's rise at Solomon Brothers, this fabled bond arb desk. He says spread trade refers to a trade where you're betting on the difference in the return or on the yield between two fixed income instruments. "Myra Scholes" said their business picking up dickles in front of bulldozers was like getting that extra nickel," Greene writes.
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