14 insights found
Everything about duration: Convexity
How a bond’s price responds to changes in interest rates is measured by its duration but its limitation is that it incorrectly assumes a linear relationship between bond prices and yields.
Everything about duration: Interest rate risk
Two of the key risks in fixed income investing are credit risk and interest rate risk. Changing interest rates are very important to bond investors as there is a close but inverse relationship betwee ...
Everything about duration: Yield shifts
Yield curves plot interest rates (‘yields’) of bonds of equal credit rating and different maturities.
How volatility can impact investments
Volatility describes how much the value of an investment is likely to fluctuate over time.
Everything about duration: Deconstructing duration
Duration is a very useful tool for measuring the potential risk of a fixed income investment and it has a number of components.
Coronavirus throws down a challenge for credit analysis
AXA IM’s credit analysis model has adapted quickly to incorporate new inputs as the COVID-19 crisis heightens sensitivity to regulatory and fiscal conditions.
How can fixed income investors navigate ongoing volatility due to COVID-19?
Nick Hayes says it comes down to active management, security selection and diversification of risks.
High yield: Opportunities on the rise as the fallen angels descend
The hit has been hard, but the sector might have the flexibility (and monetary policy support) to have a decent crisis
AXA IM’s High Yield Market and Strategy Update- 18 May 2020
On Monday 18 May, AXA IM's Global Head of High Yield and US Active Fixed Income, Pepper Whitbeck, provided an update on the global high yield market and shared current investment opportunities as ...