that level. -- convergence trading ; interest rate swaps ; swap spread ; repurchase contracts ; trading risk ; volatility … relationship in the behavior of interest rate swap spreads and in the volume and interest rates of repurchase contracts … forces in the behavior of interest rate swap spreads that can be attributed to speculative trading activity. We find that the …

highly significant effects on the level and volatility of energy futures prices and their trading volumes. I find that, on …