|
- UID
- 223427
- 帖子
- 239
- 主题
- 8
- 注册时间
- 2011-7-11
- 最后登录
- 2014-8-7
|
| The support tranche has more extension and contraction risk. They provide the prepayment protection to the pac tranches. Photoguy is right about reinvestment risk as they don't get their principal until the end. Still, if there is very high/low prepayment, the pac tranches will face some contraction/extension risk, but as the support is the buffer, it'll take the hit first. |
|
发表于 2011-7-13 16:49
|