有總,是這樣的...

Agency bonds always trade at a spread to US Treasury, meaning you have to give more yield for people to hold agency bonds.  Simply put it's because of risk-reward, more risk you take, more yield you expect. US Treasury is still the closest to risk-free.

So, even though now US treasury is downgraded, there are agency bonds that are higher-rated, agencies STILL trade at a spread to US Treasury.  Rating agencies could be a bunch of morans....but traders and investors are not, the market will tell you what it's worth...:))

Not to even mention debts issued by such troubled entities like Fannie and Freddie...what do you think, ha?

 

 

所有跟帖： 

• 我是這樣理解的，你看看對不對？ -有些話不得不說- ♂ (480 bytes) () 03/08/2012 postreply 11:59:40

• 基本就是這回事...當然中國評估的標準誰知道啊?! -pinkdreams- ♀ (171 bytes) () 03/08/2012 postreply 12:10:08

• V5啥意思啊? 真不懂,聽著象車型號:D -pinkdreams- ♀ (0 bytes) () 03/08/2012 postreply 13:02:41

• 威武@___@ -野生動物攝影家- ♂ (0 bytes) () 03/08/2012 postreply 13:53:49

• 豈有此理啊!!現在GT流行是發嗲裝小女人好伐? 弄個什麽威武出來給我~~~:D -pinkdreams- ♀ (0 bytes) () 03/08/2012 postreply 14:01:40

• 回複：豈有此理啊!!現在GT流行是發嗲裝小女人好伐? 弄個什麽威武出來給我~~~:D -野生動物攝影家- ♂ (120 bytes) () 03/08/2012 postreply 14:38:11