标题: Pure Expectations Question [打印本页] 作者: NakedPuts00 时间: 2013-4-8 19:54 标题: Pure Expectations Question
What is the difference between the broad interpretation and the local interpretation?
The both seem the same to me.作者: mdfb79 时间: 2013-4-8 19:55
Timing . Interest rate risk rises with maturity . 6 months is a short time , rates expected to remain steady , but more is riskier. Local interpretatation says pure expectation is that short term rates are likely steady within a 6 month period. Broad interpretation is bolder and does not limit the maturity to 6 months作者: lc26mizzou 时间: 2013-4-8 19:55
