Not exact matches
Premiums
in this industry
change frequently — even intraday — depending on
market conditions, dealer supply,
etc..
You may want to consider swapping bonds if you're
changing conditions within a specific industry or the overall
market is causing issuers to offer higher coupon rates and lower prices for a similar bond (same credit rating, par value,
etc.) already
in your portfolio.
There are many «flash
in the pan» strategies that worked for awhile - then stopped working as
market conditions changed: Carry trade / correlation trades / news spike trades,
etc. (Yes, these are all approaches to trading we have personally used
in the past that just don't work well anymore now).
The next factors that comes into play is the availability of time and potential
changes in market conditions (interest rates
etc.).