In an article titled Signet to Add Pass-Throughs, which appeared in the Octo- ber 14, 1991, issue

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In an article titled "Signet to Add Pass-Throughs," which appeared in the Octo- ber 14, 1991, issue of BondWeek, p. 5, it was reported that Christian Goetz, assis- tant vice president of Signet Asset Management, "expects current coupons to out- perform premium pass-throughs as the Fed lowers rates because mortgage holders will refinance premium mortgages." If Goetz pursues a strategy based on this, what type of active strategy is it?

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