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- 2011-7-2
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Downgrade risk can be hedged via credit options (Schweser Book 3 page 102).
There are two types of credit options. If based on price, then it is a binary credit option. If based on yield, it is a credit spread option. (Schweser Book 3 page 84).
Thus, to me, binary credit options and credit spread options should both work. |
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发表于 2011-7-13 13:29
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