RE: [Quantlib-dev] decreasing discount factors

[Ferdinando A. <fer...@am...>]

>They were including overnight rates, and the impedence mismatch between 
>the very-short and the short rate region caused a hump on the 
>discounts---a very real one, but not an arbitrage opportunity, mind you, 
>because they were on the same side. Combining a bid and an ask side would 
>not give increasing discounts, of course.
got it, thank you.

ciao -- Nando