Understanding Convexity And Its Role In The Market
Convexity traders started putting downward pressure on interest rates last Friday and have been active ever since. Further, the convexity trade could be as big as it has ever been (save last July). Let us explain.
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Commentaries — March 12, 2004
Understanding Convexity And Its Role In The Market Convexity traders started putting downward pressure on interest rates last Friday and have been active ever since. Further, the convexity trade could be as big as it has ever been (save last July). Let us explain.