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Danyi2024-11-14 17:27:22
同学你好,
涨多跌少的作用是convexity的特征,并不是Duration.
这里case里面写到了Raj also expects that the country´s central bank will aggressively tighten monetary policy and reduce its balance sheet by selling long maturity bond holdings.
货币政策收紧,那么短端利率上升的多,长端利率下降的少。同时因为卖长期债券,长期债券价格下跌,那么利率升高。因此短期长期利率都上升,中间不变。所以应该买bullet
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