Give me a guesstimate.
Re what decay has cost TBT .
Everybody talks about this decay #$%$.
BUT CAN ANYONE GIVE ME AN ESTIMATE AT WHAT THE SO CALLED "decay" HAS ACTUALLY COST TBT
Give me a friggen estimate.
Easy to do. Look at two points in time when rates were the same on the 10 year, say 2%. Then look at the difference in price for TBT. I just haven't bothered to do it, but it is doable.
It always occurs when the change in value of the underlying index changes direction.
And the decay in value increases with volatility of the underlying index (2X).
Since the bonds are currently declining decay is nil.
Last time I read a reliable report (credible financial rag) said 3 % . something like that.
3% per year?
go jump in a lake