Discover how negative convexity affects bond prices, key risks, and how to calculate it. Learn why mortgage and callable ...

Most investable assets and strategies tend to cluster into two broad groups - productive and scarce. Practitioners who are aware of the concave and convex nature of productive and scarce assets and ...

In July of 2012 I wrote in Trading the Wrong Playbook Bubble that negative interest rates took the discount out of the discount rate. The idea was that the reason so many asset managers (especially ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Want to surprise people at cocktail parties when discussing the 2007-08 financial cataclysm? Just tell them the ...