齐同学2023-08-19 09:55:51
There is less volatility in the corporate/swap spread than in the corporate /Treasury spread
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Simon2023-08-19 16:12:11
同学,下午好。这句的意思是corp YTM - swap rate产生的spread 是小于 corp YTM- treasury bond yield的spread. 因为swap的风险是大于treasury bond的。
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