The recent widening of credit spreads has increased focus on the potential suitability and attractiveness of corporate bonds as pension plan investments. This paper examines one aspect of these issues...
December 2008
Like most financial markets, interest rate markets have experienced pronounced volatility over the last 18 months (ending in April of 2009). Many pension liability hedge strategies that relied heavily on...
May 2009
One question frequently arises among investors considering bond strategies: Is this the time to invest in fixed income? Like any market, timing interest rates is challenging. This note will not...
August 2011
The Case for Separating Interest Rate and Spread Risks U.S. pension plan demand for long duration corporate bonds has been and is expected to remain at a high level. Nonetheless,...
August 2012
Why Yield Spreads Across Currencies Need Translation We have observed (with some bemusement) how the financial media often compares the yields on different countries’ debt without adjustment for the different...
May 2014