MBS went through an interesting Employment Friday. I know it’s hard to remember back after a long weekend (especially for N.E. fans), but the bond market sold off pretty substantially on Friday after ...

When professional investors discuss the credit market, a term that often arises is duration, which is used to measure the sensitivity of a bond’s trading price to changes in interest rates ...

The standard measure of interest rate risk is effective duration; it is the critical input to portfolio-based hedging. Effective duration is defined as the percent change in value per 1% shift of the ...