spreads

I think there was a key piece of information missing from the problem. I made an assumption on that and then just went forward.

spreads

Agree on the swaps question….I was pleased when I saw it initially, as I had swaps down…no problem I thought, an easy 3 points in the bag!……
I read and re read, to make sure I thought I understood how they thought I might interpret the question?calculated? read it again and could not get a sensible number to match.
To be honest, that is what disappoints me with this process, because in the real world, you would have a responsibility to make sure you understood the data before you processed it, otherwise you would have no basis to believe in your answer.