BondStats
BONDSTATS REFERENCE LIBRARY

Fixed-Income Strategies Library

A structured reference for understanding fixed-income strategys across fixed income, macro, market structure and financial infrastructure. Each entry explains what the concept means, why it matters and how to interpret it without presenting it as a guaranteed forecast or investment recommendation.

PORTFOLIO CONSTRUCTION

Barbell Strategy

Barbell Strategy is a portfolio construction concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

PORTFOLIO CONSTRUCTION

Bullet Strategy

Bullet Strategy is a portfolio construction concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

PORTFOLIO CONSTRUCTION

Duration Matching

Duration Matching is a portfolio construction concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

PORTFOLIO CONSTRUCTION

Immunization Strategy

Immunization Strategy is a portfolio construction concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

PORTFOLIO CONSTRUCTION

Cash-Flow Matching

Cash-Flow Matching is a portfolio construction concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

PORTFOLIO CONSTRUCTION

Buy and Hold Bonds

Buy and Hold Bonds is a portfolio construction concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

CURVE

Roll-Down Strategy

Roll-Down Strategy is a curve concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

CURVE

Carry and Roll

Carry and Roll is a curve concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

CURVE

Yield Curve Steepener

Yield Curve Steepener is a curve concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

CURVE

Yield Curve Flattener

Yield Curve Flattener is a curve concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

CURVE

Curve Butterfly Trade

Curve Butterfly Trade is a curve concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

CURVE

Curve Barbell Trade

Curve Barbell Trade is a curve concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

DURATION

Duration Extension

Duration Extension is a duration concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

DURATION

Duration Shortening

Duration Shortening is a duration concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

DURATION

Long Duration Strategy

Long Duration Strategy is a duration concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

DURATION

Short Duration Strategy

Short Duration Strategy is a duration concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

DURATION

Key-Rate Duration Hedge

Key-Rate Duration Hedge is a duration concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

HEDGING

Treasury Futures Hedge

Treasury Futures Hedge is a hedging concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

HEDGING

Interest Rate Swap Hedge

Interest Rate Swap Hedge is a hedging concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

HEDGING

Swap Overlay

Swap Overlay is a hedging concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

INFLATION

Inflation Hedge with TIPS

Inflation Hedge with TIPS is a inflation concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

INFLATION

Breakeven Inflation Trade

Breakeven Inflation Trade is a inflation concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

INFLATION

Real-Yield Trade

Real-Yield Trade is a inflation concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

CREDIT

Credit Spread Trade

Credit Spread Trade is a credit concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

CREDIT

Credit Barbell

Credit Barbell is a credit concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

CREDIT

Investment-Grade Rotation

Investment-Grade Rotation is a credit concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

CREDIT

High-Yield Rotation

High-Yield Rotation is a credit concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

CREDIT

Quality Up Trade

Quality Up Trade is a credit concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

CREDIT

Fallen Angel Strategy

Fallen Angel Strategy is a credit concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

CREDIT

Rising Star Strategy

Rising Star Strategy is a credit concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

SOVEREIGN

Sovereign Spread Trade

Sovereign Spread Trade is a sovereign concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

SOVEREIGN

Country Rotation

Country Rotation is a sovereign concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

FX

Currency-Hedged Bond Strategy

Currency-Hedged Bond Strategy is a fx concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

FX

Unhedged Global Bond Strategy

Unhedged Global Bond Strategy is a fx concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

FX

Cross-Currency Swap Hedge

Cross-Currency Swap Hedge is a fx concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

FUNDING

Repo Financing Strategy

Repo Financing Strategy is a funding concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

MONEY MARKETS

Cash Plus Strategy

Cash Plus Strategy is a money markets concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

RATES

Floating-Rate Strategy

Floating-Rate Strategy is a rates concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

OPTIONALITY

Mortgage Convexity Hedge

Mortgage Convexity Hedge is a optionality concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

INSTITUTIONAL

Liability-Driven Investment

Liability-Driven Investment is a institutional concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

PORTFOLIO CONSTRUCTION

Risk-Parity Bond Allocation

Risk-Parity Bond Allocation is a portfolio construction concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.

PORTFOLIO CONSTRUCTION

Defensive Fixed-Income Allocation

Defensive Fixed-Income Allocation is a portfolio construction concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.