Adjusting Convexity
It is beneficial to have greater convexity when large changes in rates are expected. The convexity will magnify value gain …
barbell
Strategies for Changes in Market Level, Slope, or Curvature
Investors often hold individualized expectations about the yield curve that they generate from economic analysis, data mining exercises, following monetary …
Laddered Portfolios
A laddered portfolio is a common way to build a bond portfolio for individual clients. Roughly equal par amounts are …