June 2012
Intermediate to advanced
272 pages
4h 37m
English
book
Profiting with Synthetic Annuities: Option Strategies to Increase Yield and Control Portfolio Risk
by Michael Lovelady
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9. Synthetic Annuities for the Bond Market
This chapter looks at how a synthetic annuity can be applied to the bond market. In particular, for investors who are concerned about a rebound in interest rates—and a corresponding decrease in bond prices—this chapter includes an example of a SynA used to enhance yields and to hedge bond prices.
This includes a discussion of bond market dynamics and the attractiveness of a particular investment thesis, made even more attractive by how well the thesis fits with the natural adjustments inherent in a bond SynA.
This chapter ends with an excerpt from a paper by James Bullard of the St. Louis Federal Reserve Bank. I think he has an interesting perspective on future inflation and bond yields.
Is This a Cyclical ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.