What we’ve learned post-Silicon Valley Bank
As professional portfolio managers, we are rarely surprised by actual portfolio performance when returns are posted. We should always have a good idea of our portfolio’s estimated sensitivity to ...
The latest from Jason Haley
Seven things you forgot about higher interest rates
Short and intermediate Treasury yields rose sharply in 2022 to the highest levels in 15 years. One clear impact to depository institutions was higher unrealized losses on their AFS portfolios, ...
Fundamental investing principles for depository institutions
There are many types of investors in the institutional fixed income world: hedge funds, mutual funds, depositories, insurance, corporations, pensions, and endowments, to name several. Many of these investors are ...