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- 2011-7-2
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- 2016-4-16
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1. If rates fall you should buy LT duration and sell ST duration because prices will go up and LT bonds are more price sensitive (as duration is higher) than ST bonds.
2. If spreads are narrowing, then it means that rates are going higher so you should buy ST duration, not long term.
I think you got them reversed. But I can be wrong. Where did you read it from? |
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发表于 2011-7-13 17:26
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