"Long Gamma" in sloppy-Black-Scholes-lingo means essentially to bet on increasing realised vol, i.e., in this case on rates moving a lot, regardless of the dire

"Long Gamma" in sloppy-Black-Scholes-lingo means essentially to bet on increasing realised vol, i.e., in this case on rates moving a lot, regardless of the direction. Cf https://quant.stackexchange.com/questions/39619/gamma-pnl-vs-vega-pnl https://quant.stackexchange.com/questions/39619/gamma-pnl-vs...