Average Effective Maturity
外汇网2021-06-21 22:28:49
99
For a single bond, it is a measure of maturity that takes into account the possibility that a bond might be called back to the issuer.For a portfolio of bonds, average effective maturity is the weighted average of the maturities of the underlying bonds. The measure is computed by weighing each bond's maturity by its market value with respect to the portfolio and the likelihood of any of the bonds being called. In a pool of mortgages, this would also account for the likelihood of ppayments on the mortgages.
|||This measure is a more accurate way to get a feel for the exposure of a single bond or portfolio. Particularly in the case of a portfolio of bonds or other debt, a simple average could be a very misleading measure. Knowing the average maturity of the portfolio is essential to knowing the interest rate risks faced by that portfolio.
标签:
随机快审展示
推荐文章
- 黑马在线:均线实战利器 8721 阅读
- 短线交易技术:外汇短线博弈精讲 4057 阅读
- MACD震荡指标入门与技巧 4186 阅读
- 黄金操盘高手实战交易技巧 4538 阅读
- 做精一张图 3289 阅读
热门文章
- 港币符号与美元符号的区别是什么啊? 24964 阅读
- 我国各大银行汇率为什么不一样啊? 15096 阅读
- 越南盾对人民币怎么算的?越南盾对人民币汇率换算方法是什么 10268 阅读
- 百利好环球欺诈,不给出金,无法联系。 9780 阅读
- 黑马在线:均线实战利器 8721 阅读