Brian Romanchuk — Liability Matching Versus Supply Maximisation As Well As Bonds

Before nosotros utter over investment strategies, nosotros laid out involve to induce upwards one's heed what our ultimate objectives are. When nosotros are investing, the 2 park objectives is that nosotros are either attempting to make maximum returns, or nosotros are matching against liabilities, using a wide feel of liabilities. Influenza A virus subtype H5N1 dull non-levered bond portfolio is a reasonable alternative for liability matching, merely it is much harder to run across how it fits inside a pure returns maximisation view....

Bond Economics
Liability Matching Versus Return Maximisation And Bonds
Brian Romanchuk