Everyone noticed the huge selling pressure on TLT recently. What is happening now is exactly opposite to what happened last year, as stated in an old post.. http://www.hutong9.com/viewthread.php?tid=30451
In a summary, due to the convexity hedging, mortgage rate's going up has caused more intense selling in treasury long bonds (reflected in TLT)
狗仔卡
发表于 2009-5-27 11:48 PM
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
发表于 2009-5-28 05:32 AM
