
- UID
- 222277
- 帖子
- 252
- 主题
- 55
- 注册时间
- 2011-7-2
- 最后登录
- 2016-4-18
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You are right in terms of price-yield relationship but didn’t took into account the premium you have paid. So you economically own a vanilla bond (because its far OM) for which you paid a higher price (bond price + Premium). So you end up having earned a lower price appreciation compared to the vanilla bond, which leaves you worse on a total Return basis. |
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