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- UID
- 217796
- 帖子
- 311
- 主题
- 159
- 注册时间
- 2011-5-24
- 最后登录
- 2012-9-12
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just remember
PO is most afraid of extension risk, so when rates are low they get paid faster
PO wants rates low
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IO is most afraid of contraction risk
IO wants rates to be high
when rates are low = more prepayments and IO has to reinvest at lower interest rate |
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发表于 2011-7-13 16:18
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