3 ms·
Where are you getting this 50% from? Also, you're ignoring that there is more price risk in long bonds even if you can sell them, so there should anyway be a te
by pishpash 8y ago
Where are you getting this 50% from? Also, you're ignoring that there is more price risk in long bonds even if you can sell them, so there should anyway be a term premium (upward-sloping curve) even if the expected interest rate over five years is constant.