Bond Management: An Application to the European Market
作者： José Manuel Brotons
DOI: 10.1007/978-3-642-14058-7_32
关键词:
摘要: Active bond management strategies rely on expectations of interest rate movements or changes in yield-spread relationships. However, the variation duration increases risk a portfolio, that why decision maker will have to chose combination expected return (mid-point fuzzy number) and (width which provides higher utility. The construction map allow DM know over as regards immunization strategy for each aversion DM. Finally, we present an application European market forecast future compare considered duration, final yield portfolio with one order check validity model.
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