Negative convexity occurs when a bond's yield curve is concave. It reflects how the bond's duration changes, particularly relevant for mortgage and callable bonds, impacting strategies on portfolio risk management.
Dive deep into the intricacies of floating-rate notes, explore their benefits, inherent risks, and discover why they could be a compelling addition to your investment portfolio.
Explore the intricacies of junior debt, its place in the financial hierarchy, and its implications for investors. Delve into the repayment terms, risks, and understanding subordinated debt.