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Strategies & Market Trends : Heinz Blasnik- Views You Can Use
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To: yard_man who wrote (1010)5/9/2003 7:04:00 PM
From: Perspective  Read Replies (1) of 4905
 
One of the "costs" of refis is a potential 30-year liability if rates go up, but a 2-year term if rates continue lower. PIMCO's Gross was talking about it - reverse convexity or something...

And of course, they do pay their people to work in those beautiful downtown buildings, not to mention the leases.

BC
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