It was great to be a “Master of the Universe” (Treasury and MBS trader) since October 1981 when the US 10Y Treasury yield peaked at 15.84% and mortgage rates peaked at 18.63%. Treasury and mortgage rates have generally fallen ever since. But what happens if Treasury and mortgage rates rise?
... Diamond News Archives
Warning! Big Short Resurfaces in U.S. Bonds, Wary of ‘Convexity Trigger’
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