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Necessitates a high hurdle for extension trades.

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19:34 Feb 13, 2008
English to German translations [PRO]
Bus/Financial - Investment / Securities
English term or phrase: Necessitates a high hurdle for extension trades.
Money market funds exhibit negative convexity:
A consequence of the fund writing a costless put option.
Necessitates a high hurdle for extension trades.
It’s better to be short and wrong rather than long and wrong.
Alexandra Bühler
Germany
Local time: 10:15
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