Merrill over Matter
Attempting to make sense of the financial world
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Showing posts with label
negative convexity
.
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Showing posts with label
negative convexity
.
Show all posts
Monday, August 30, 2010
The Fed is exacerbating the move in bonds
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The recent Federal Reserve August 10 announcement to reinvest principal paydowns from its very large (1+ Trillion) mortgage backed securit...
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