Monthly Commentary

March 2021 - Understanding Modified Duration

March 2021 - Understanding Modified Duration

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 …

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February 2021 - Interest Rate Risk Enters the Equation

February 2021 - Interest Rate Risk Enters the Equation

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.

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January 2021 - 2020 Recap

January 2021 - 2020 Recap

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.

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