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I have question about number 31 from file of T5.Tuckman, CH6,7,9&21;.
This is about parallel shift and the performance off bullet and barbell.
There is a difference between answer and explanation.
Answer says under small parallel shift in the yield curve, Barbell outperforms bullet.
However, in the explanation, bullet outperforms barbell due to its relative yield advantage in small yield change.
Which one is correct?
Thank you for your time, David.
This is about parallel shift and the performance off bullet and barbell.
There is a difference between answer and explanation.
Answer says under small parallel shift in the yield curve, Barbell outperforms bullet.
However, in the explanation, bullet outperforms barbell due to its relative yield advantage in small yield change.
Which one is correct?
Thank you for your time, David.
