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L3Crucifier wrote:
I have an understand similar to igor’s - New supply would reduce spread, as the new supply from primary market is validating the secondary market.
“Supply will hurt spreads” relates to particular issure not to the market. So many issuance will take place with spread contractions.
vol 4 p.71
The answer for q15 is about a manager’s belief, so we can’t comment on it. |
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发表于 2013-4-19 12:28
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