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- UID
- 223363
- 帖子
- 241
- 主题
- 53
- 注册时间
- 2011-7-11
- 最后登录
- 2014-7-1
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The first tranche that is being paid out with principal payments is protected from extension risk, whereas the rest of the tranches are protected from contraction risk.
My question is HOW and WHY?
Is it because the first tranche is getting all the principal payments it want (according to schedule with no prepayment risk?) |
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发表于 2011-7-11 19:28
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