From January 2014 PIMCO commentary:
Curve has switched to predominantly in backwardation.
Annual roll yield is 5% now.
Therefore you can pick up a 5% return and get exposure to inflation or geopolitical risk.
Curve has switched to predominantly in backwardation.
Annual roll yield is 5% now.
Therefore you can pick up a 5% return and get exposure to inflation or geopolitical risk.
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