Negative Convexity
This should sound very familiar to IQ readers, interest rates can only go up from here.
http://www.smartmoney.com/invest/bonds/the-end-of-free-money-1339518563459/?link=sm_newsticker
This should sound very familiar to IQ readers, interest rates can only go up from here.
http://www.smartmoney.com/invest/bonds/the-end-of-free-money-1339518563459/?link=sm_newsticker