narayananvenkat
cfo
David...
Thanks for the speed without comprising quality and coverage for Level II.
I read that High Yield Bonds exibit positive conexity owing to lower quality bonds with large coupob payments thus causing a large potential for Interest rate risk when interest rate fall . I am a bit confused on this explanation. kindly explain this .
I have fairly understand the various payoff strategies of option. I also find this is heavily tested . I am yet to finda reading that helps in learing when where to us these strategies. I find probelms with narrations and multiple choice answers throwing various and ask us to choose the best. What I mean I am clear on its mechanics but to apply to a situation and to choos the best strategy I am stumped. My success rate to such praactice qns is just 65 %. Can you suggest a reading. Or what is the best way. I read Hull, CFA materuial . they are good but still not yet successful.
Thanks
venkat
Thanks for the speed without comprising quality and coverage for Level II.
I read that High Yield Bonds exibit positive conexity owing to lower quality bonds with large coupob payments thus causing a large potential for Interest rate risk when interest rate fall . I am a bit confused on this explanation. kindly explain this .
I have fairly understand the various payoff strategies of option. I also find this is heavily tested . I am yet to finda reading that helps in learing when where to us these strategies. I find probelms with narrations and multiple choice answers throwing various and ask us to choose the best. What I mean I am clear on its mechanics but to apply to a situation and to choos the best strategy I am stumped. My success rate to such praactice qns is just 65 %. Can you suggest a reading. Or what is the best way. I read Hull, CFA materuial . they are good but still not yet successful.
Thanks
venkat
