what is the piece of technical jargon from your field which (a) you probably should know by now but (b) you have never actually looked up
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Why everyone is so bothered about convexity adjustments for constant maturity swaps. It's the go-to example for convexity in every FI options paper and my brain just goes "nope" whenever I think about it.
"CMS adjustments in single curve context can be roughly explained if you consider a CMS swaplet by the fact that there is a single payment at the CMS rate at a single date and not on the whole strip of the underlying CMS tenor schedule." - about three words in **NOPE**
