suoze

我想楼主的意思是mortage和ABS里面有call option, if interest rate falls, the price of mortgage wont' increase as much as other non-callable bond. 所以需要underweight mortage, overweight Treasury. 我也是这点想不太明白...

[此贴子已经被作者于2009-6-5 5:49:28编辑过]