Selling Swaps

If you are Paying Fixed and Receiving Floating does this assume you are "short " the swap? I wasn’;t aware that this is how you refer to the paying fixed side…

No you are Long. If you are Receving Fixed and paying Floating you are Short teh Swap.

Short dat swap!

ok… didn’t know we refer to swaps as “Long” or “short” generally speaking… good to know… thx

any time you want a cash flow/asset to increase, you are long. this applies to stocks, bonds, swaps, foreign currency exchange, etc. just remember that if you are receiving floating, you are long, because you want rates to rise (cash flow up).