Confusing new acronyms

[LeatherneckPA]

OK, I'm lost. What the heck are ISM and OSM?

 

[cute fuzzy bunny]

I'm betting the last two letters stand for "sex machine"...

 

[LeatherneckPA]

I'm betting the last two letters stand for "sex machine"...

LOL, somehow I don't think so. Folks were talking about ISM selling low. And someone else mentioned others sitting there saying "OK, it's at $23.20, but I won't buy until it hits $23.12." or words to that effect.

I gathered it's some sort of investment. Ticker symbols perhaps?

 

[Nords]

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...

 

[cute fuzzy bunny]

I liked my idea better.

Just need some good ideas for the "I" and the "O".

How about "inside" and "outside"?