Forget return, investors care only about safety. This means they're more likely to misprice the security.
别去想什么回报不回报了,投资者关心的只是避险。这也意味着他们更有可能令债券价格错位。
2
This may be the wrong time to quote Dominique Strauss-Kahn, but the bad boy had it right when he said that countries make awful decisions when they deliberately misprice.