Provide some advantages of the Substitution Swap?

Please provide some pros of Substitution swap as a type of Bond Swap?
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"• Advantage: – Realization of Capital Gain by switching out of your current position into higher yielding obligation. Source: http://in.docsity.com/en-docs/Active_Bond_Portfolio_Management_Strategies_-_Security_Analysis_and_Portfolio_Management_-_Solved_Quiz_"
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"A swap that is certainly carried out by trading a fixed-cash flow to protect a larger containing connection sticking with the same attributes. The substitution change requires the sharing of just one connect for another shackle that has a better provide, however incorporates a similar discount price, maturity, get in touch with lineament, course credit top quality, and so on. The permutation exchange allows the actual buyer (for example a organization) to raise comes back with no shifting this terms or possibility level of the protection. People will probably take part in permutation trades whenever they think you will find there's momentary conflict throughout connect price ranges due to market disequilibrium. "
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