Life After Citi: Shorting High Yield Bonds [View article]
You may be right on price, but you will lose the distribution yield if you are short - you have to pay it to the person you borrow the ETF from to short. So the price has to fall about 15% annualised just to breakeven.
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Latest | Highest ratedLife After Citi: Shorting High Yield Bonds [View article]