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- UID
- 223432
- 帖子
- 312
- 主题
- 12
- 注册时间
- 2011-7-11
- 最后登录
- 2016-4-19
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| Negative convexity, as I recall, is the fact that a rise in the interest rate leads to a larger drop in price than the rise in price you get if the interest rate drops by the same amount. For normal bonds, it is positve because of the shape of the price curve. How does that fit in with MBS's? |
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发表于 2011-7-11 20:03
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