- UID
- 222293
- 帖子
- 680
- 主题
- 67
- 注册时间
- 2011-7-2
- 最后登录
- 2016-4-19
|
True, and this has implications to the investment selections.
Quote CFAI: "Because the tax-exempt yield curve in the US tends to be more positively sloped than the taxable curve, casualty companies find that they must invest in longer maturities (15-30 yrs) than the typical life company to optimize the yield advantage offered by tax-exempt securities." |
|
发表于 2011-7-13 13:27
|