bonds
"Has the hedge property overtaken the investment property of fixed-income assets?"
Tracy V. Maitland, F. Barry Nelson, CFA, and Daniel G. Partlow's book "presents quantitatively sophisticated valuation methods and trading strategies, invoking terms of art that will be new even to many seasoned practitioners."
Equities are not necessarily more risky than such "safe" assets as US Treasuries.
"Discount rates vary a lot more than we thought. Most of the puzzles and anomalies that we face amount to discount-rate variation we do not understand."
Dow 36,000, crypto, Brexit, GameStop, pandemic. Imagine you uttered these terms back in the autumn of 2011, when Enterprising Investor first launched. What would they have evoked?
Max Frumes and Sujeet Indap provide a fascinating inside account of the distressed debt markets, including the strategies, the colorful personalities, and the complex relationships.
The race for scale among active managers in response to low-cost ETF competition may be self-defeating.
What are the effects of buy-side concentration on the structure of the corporate bond market?
Anything that you want to price in finance has three key inputs, Vineer Bhansali says.
A negatively yielding bond violates a very basic, fundamental principle: the time value of money.