The practice of buying gilt-edged securities after they have gone ex-dividend and selling them cum-dividend, thus transforming the interest return into capital gain.

指债券的持有者在债券付息前将债券出售，并在该债券付息后再买入，以此将债券的利息收入转换为资本收入。

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On June 2, when the unemployment stats edged up from April's 3.9% to May's 4.1%, the securities markets celebrated.

FORBES: The Road Less Traveled