20s30s being inverted has been a truism on spread curves in credit land for a long time. Not for nothing that today’s 20s are yesterday’s 30s and thus trade at very high dollar prices. No meaningful risk of an event on 20s in treasuries but their option properties are meh& off-TR
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Replying to @SkeleCap
I assumed this was a convexity thing. Both have similar risk profile but 30s have ~2x convexity, which is valuable so they trade at a bit of a premium.
9:15 AM - 29 Oct 2021
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