hariRaj

this is always tricky when they are talking about Butterflly movements since you don’t know the extent of the butterfly. In a butterfly, the very begining and the very end of the curve are the most affected so let’s assume that rate 3 months and 30 years are the most affected, then it would be portfolio B the most affected since 2.3+0.2 is bigger than 0.8+0.9