WHAT DOES PNL MEAN?

$begingroup$ In Fastened Cash flow, I are aware that bonds PnL are evaluated depending on exactly where the value lies on cost/yield curve at the end of the working day, when compared with where it started from at beginning of your day.$begingroup$ In case you examine just a single case in point, it might look like the frequency of hedging straight

Your browser isn’t supported anymore. Update it to find the finest YouTube practical experience and our hottest attributes. Find out more$begingroup$ In case you check out just only one example, it could seem like the frequency of hedging right consequences the EV/Avg(Pnl), like in the problem you described wherever hedging each moment proved to