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Yield Curve -> strategy
At I have say in the first post, this is something along the line: If you do not know, you are a fool. Therefore, I try to find out what the yield curve means to avoid being a fool. However, I have not integrate this theory into my investment. Therefore, I have very little experience to share in this area.<dAC ©½t¥Í³N¼Æ¬ã¨sªÀ -- ³N¼Æ¬ã¨s¡@¡@ G(d:H Just somethings to note:?8Q9,P 1) Some trader does use this theory to formulate some macro trading strategy.Z^ 2) This is a must for bond trader or bond fund manager. However, the minimum capital is US$10 Million for an effective strategy trading.8@~M1 3) I keep this knowledge in my mind because there exists some risk-free arbitrage stratedies by using yield curve analysis. However, I have not figure them out yet. The most commonly used strategy has been exposed in LTCM story.YY ©½t¥Í³N¼Æ¬ã¨sªÀ -- ³N¼Æ¬ã¨s¡@¡@ O)XRd> I may share my view on investment in other posts later.0_#
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