Beyond trying to minimize negative convexity, the portfolio’s securitized allocation varies depending on how attractive the sector and its subsectors are to other areas of the bond market.

Beyond trying to minimize negative convexity, the portfolio’s securitized allocation varies depending on how attractive the sector and its subsectors are to other areas of the bond market.

we use the values of three other bonds with very similar maturities to interpolate the value of this bond given its duration and convexity. The measure of relative value is simply the difference ...

In short, long-duration bonds certainly have a place in income ... At current interest rates, there is also very little negative convexity, which adds to the investment case.

So to the extent we do get a more meaningful sell-off in the long end and those bonds start to extend, we have much longer duration hedges in place to help with the convexity of those. So that's ...

Good morning, and welcome to the fourth-quarter 2024 earnings call for Annaly Capital Management. Any forward-looking statements made ...

Although Oberbank printed a sub-benchmark size, “it has proved 10 years is possible if an issuer is willing to pay the ...

That’s because shorter-term bond investments are less exposed to rising rates. “Duration” describes the vulnerability of a bond or ETF to interest rate changes. It describes how much your ...

Here’s a handy guide explaining what government borrowing, bonds, and yields all mean. Governments borrow to cover the gap between their spending and income Governments get most of their income ...

Bearer bonds are a type of unregistered fixed-income securities that provide ownership rights to whoever physically holds them. Unlike traditional bonds, bearer bonds do not require the holder to ...

LAST year, short-duration bonds trumped long-duration securities amid a normalisation of the yield curve, with short-end yields falling by less than initial market expectations, and long-end yields ...