Bonds Squawk box options question

N

Nasdaq5048

Is there any bonds squawk box subscriber that can help me?

Morgan Stanley S 10K FVM5-5.5C stupid vs. M4P 2 to even (-stupid) 4/07/06

What's a stupid?


Hughes (local) B 5K USM6-U4P diagonal 12 (+U) 4/11/06

and What's a diagonal?

Thanks in advance for the help.......
 
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