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If you then set up the portfolio once again by borrowing $S_ t_1 $ at level $r$ you are able to realise a PnL at $t_2$ of$begingroup$ I estimate each day pnl on a CDS posture using the unfold modify periods the CS01. Nevertheless I would want to estimate the PnL for an extended trade which includes long gone from a 5Y CDS to your 4Y with involved c