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A Good Time To Buy Negative Convexity
During the past few weeks, high-yield bonds and Agency MBS have looked particularly attractive. Their one commonality is that they are negatively convex. As a result, this year’s big drop in yields has led to large declines in duration for both…
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BCAリサーチ | Daily Insights
Concise macro insight that cuts through daily noise, helping clients stay informed on what matters in markets, why it matters, and how to talk about it, without spending hours reading research.
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