Two years ago I read a financial column extolling the virtues of a property fund. The customer kindly pointed out that the person writing it had also told her to move from her with profit bond to the property bond - easy money. It was wonderful fodde...
Bond investors are beating the market this year, but investors in bond mutual funds can't count on taking those profits to the bank. Bond funds have a quirk: They never mature. When a bond comes of age, you get your money back. Bond funds, on the other hand, are eternal...
The paper employs the Cox process with shot noise intensity to model the default time. The survival probability is derived based on the Cox process with shot noise intensity that has doubly stochastic property. As an interest rate process for non defaultable bond, i.e. a government bond, we use a...
FRUSTRATED agents in Long Island's Hamptons with unsold beach-front property should contact the handful of Salomon Brothers bond traders who have just shared in a $60m year-end bonus, 15% of the 400m profits made by the firm's bond-arbitrage group i FRUSTRATED agents in Long Island's...
This calculator compares two bond investments buying a bond at a substantial discount to par value and receiving no coupon (a zero-coupon bond), and buying a bond with a coupon. User can select a Treasury security, corporate bond or municipal bond. Treasury securities are exempt from state income taxes. Municipal...
While some electronic bond trading is available to retail investors, the entire bond market remains an over-the-counter market. Unlike stock trading - for which automation has leveled the playing field for retail and institutional investors - the bond market lacks liquidity and price transparency except for the most liquid of...
A new method of bond portfolio optimization is described. The method is based on stochastic string models of bond returns. It is shown how to approximate the bond return correlation function with Pade approximations and how to compute the optimal portfolio allocation using Wiener-Hopf factorization. The technique is illustrated with...
The term bond spreads or spreads refer to the interest rate differential between two bonds. Mathematically, a bond spread is the simple subtraction of one bond yield from another. Bond spreads are the common way that market participants compare the value of one bond to another, much like price-earnings ratios...
This tool will estimate The Tax-Equivalent Yield TEY for a municipal bond. Income generated from municipal bond coupon payments are not subject to federal income tax. In addition, if the bond was issued in your state of residence, you can also avoid state income taxes. Use this tool to determine...
Little Rock city directors last week approved a $36 million bond issuance that will free Acxiom Corp. from property tax obligations for 30 years on its planned 12-story facility downtown. The board voted unanimously(a 10-0 vote with Mayor Jim Daile Little Rock city directors...
Similar to a mortgage with a bank, bonds are an issue by a borrower to a lender. When one buys a corporate bond he may be loaning one's money to a corporation for a predetermined period of time, the maturity. In most cases the bond's par value is $1,000, this...
The factors that affect the bond markets and interest rates are very complex. Bond managers make important choices on term, yield curve positioning, sector, and issuers on a continuous basis. A manager can make a fabulous call, only to be wrong a few months later. This makes bond indexing a...
Dallas private bond activity apartment complexes are approved subject to complying with a series of inflexible rules and are contingent on tax credits being available. Identifying sites for which private bond activity apartment complexes are financially feasible is difficult. Private bond activity complexes are subject to approval by both the...
This article is on bond funds. Bond funds can be even trickier than bonds themselves because -- unlike the implication in their name -- they are not really fixed-income investments. Even when a mutual fund's portfolio is composed entirely of bonds, the fund itself has neither a fixed yield nor...
Travelers Bond, a division of Hartford, Conn.-based Travelers Property Casualty Corp. has launched a tool that enables agents to obtain premium indications for Travelers executive liability products via the Internet. This capability is now available Travelers Bond, a division of Hartford, Conn.-based Travelers Property...
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