Analysts trying to make sense of the steep slide in bond yields around the world in August are pointing fingers at many things, including slowing global growth and a prolonged trade war.
Some are also attributing the push lower in yields to a less easily explained phenomenon: hedging against negative convexity in the mortgage market.
is rolling post after post of this bullshit
Awesome explanation
Prices tend to rise faster than they fall - Negative Convexity.
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