March 2021 - Understanding Modified Duration
March 01, 2021
If you spend any time in the fixed income world, you are likely to come across a bond statistic called “modified duration”. If the term is new to you, the definitions online or in articles are often confusing because the actual calculation is somewhat complex and typically assumes som …
February 2021 - Interest Rate Risk Enters the Equation
February 01, 2021
One of the recurring themes in our many conversations with both existing and prospective clients over the past six months has been the fact that investors were not being compensated for taking on interest rate risk. That is all starting to change, and it is starting to change quickly.
January 2021 - 2020 Recap
January 01, 2021
We hope you are well and starting off the new year safe and healthy. The purpose of this letter is to recap 2020 and provide an outlook for 2021.