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Learn/Fixed income in depth
LearnFixed income in depth

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B Basic

  • Bond prices and yields9m
  • The yield curve and forward ratesPro9m
  • Duration and convexityPro10m

A Advanced

  • Credit risk: spreads, default, and recoveryPro11m
  • The rest of the bond marketPro11m
  • Positioning a bond fundPro11m
  • Liabilities and immunizationPro11m
  • FlashcardsPro0/22
  • Basic quizPro80% passes
  • Advanced quizPro80% passes
  • Terms

Liabilities and immunization

A pension or insurer is judged against what it owes, not an index. Matching the duration of assets to liabilities protects the funded status when rates move.

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