Re: Confusing new acronyms
Originally Posted by retiredbop
I gathered it's some sort of investment. Ticker symbols perhaps?
Here's Brewer's post that started it all
"I am looking at two exchange-traded bonds issued by Sallie Mae, a high grade issuer. One OSM, pays CPI plus 2% monthly. The other, ISM, pays CPI plus 2.05% monthly. OSM matures in 2017, ISM matures in 2018. They sound pretty similar, right? So why is OSM priced at 24.40 and ISM at 22.45?"
He's been stomping on the pricing arbitrage since April 2006...
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