[CFA Level 3] 请教三级，关于MBS positive, provide, rates

robinlu

我在做NOTES的模拟题(V1,P245)时，遇到下面这句话，是答案里面的解释，可我总是想不明白，求教各位牛人，谢谢

 

as long as rates do not fall enough to stimulate refinancing, a small drop in treasury rate combined with increased volatility will provide positive outcome for holders of MBS