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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: DuckTapeSunroof who wrote (578003)5/24/2004 6:40:49 PM
From: AK2004  Respond to of 769670
 
ok, I'll give you the answer. Duration is a slope. And hence shorter duration can be achieved by increasing duration of liabilities (negative) or decreasing duration of assets or both as in the given example for mortgages.

One would always shorten duration when expecting rates to go up......

Moron, do you understand it now? <GGGGG>