Fixed-Income Readings

Forward rates also measure the near-term returns that various zero coupon bonds will earn if the yield curve remains unchanged. Level of difficulty: Moderately difficult. Estimated study time: 3 hours. READING 2: "Market's Rate Expectations and Forward Rates (Available Online)," Part 2, Understanding the Yield Curve, Antti Ilmanen, Portfolio Strategies, U.S. Fixed Income Research (Salomon ... ................
................