Still, more than once I've had clients balk at the idea of investing in bonds, offering the explanation, "They don't return as much as stocks." That's where it becomes the financial advisor's job to ...
In a few recent columns, we’ve talked about duration and convexity in the context of changing market prices. They are some of the most misunderstood and misused terms in finance, and clarifying them ...
The 2008 financial crisis and the resulting market shocks had a number of surprising consequences. One that was particularly important to bond investors was the degree to which diversified bond funds ...
Interest-rate sensitivity, credit risk, and exposure to the yield curve are three of the biggest factors that have an impact on a bond's price. As a measure of interest-rate sensitivity, duration ...
In a recent conference, I heard Nobel Prize winner Robert Engle talk about long term risk. To quote: A risk is a bad outcome which has some probability of occurring. A long-term risk is from an event ...
Duration management has been a very powerful tool in terms of generating alpha. But going forward, we think being nimble is going to give you your real edge. We think shorter-dated Treasuries can ...
Whether you take an aggressive or conservative approach to investing, your asset allocation is likely to include some bonds. When reading about or researching bonds, you’ll hear about duration, an ...
For someone who has now traded bonds professionally for over 30 years, the recent behavior of the bond market has been nothing short of incredible. For those who think of the bond market as a shelter ...
Evidence has suggested that the average sleep duration declined by approximately 18 min from 1972 to 2005, especially in working-age men; 5 and the percentage of short sleepers has increased ...