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- 2011-7-2
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- 2015-12-9
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Binary put only payoff if an event happens, which could be a downgrade or a default or something else.
a credit spread call pays off the difference between the spread and the strike spread if the bond widens. So it is a hedge against spreads widening.
Or thats what i learnt anyway. |
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发表于 2011-7-13 15:40
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