11:45 (1.5X) 我是否可以这么理解:payer swaption 是投资者
- pay fixed rate bond = short fixed rate bond= short long term interest rate = decrease bond duration
- received floating rate bond = long folarting rate bond = long short term interest rate
因为我们short 一个长期的利率,所以duration是减少的?这么理解对吗