if the portfolio manager expexts spread to narrow for all of spread product sector, he or she should underweight the allocation to Treasures and Overweight to the spread product, ie, mortgate, asset-backed, and CMBS sectors.
don't understand why there are differences here作者: Darien 时间: 2011-7-13 16:36
P116 talks about is hedging, of course it's opposite position to the 2009 sample question.
