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...than I expected. Of course it will end up giving its required yield, but it could have done without the 4.5-point lurch downwards at about 2 minutes after I posted. That'll learn me...
I did saythat you had to be keen for the long side. Don't get too worried though - it's not going to be a loser, just one where the ex-post risk-return wil be lousy (having to ride almost a 5 point negative excursion when you only expect to gain a point...)
