Hi Everyone!
I'm struggling to find any information on the web on the following terminology commonly used in the world of Fixed Income:
*Basis tightening
*Long basis - I know what long means, but not when used in this context
*Long duration - ditto
I have read that long basis benefits from tightening of bond yields. Can any help me out with an explanation of any of these? I feel like an alien at the moment.
Thanks,
mr-T