Sentences with phrase «long noncallable»

Now, when I was a bond manager, because my client had a large amount of long noncallable liabilities, I bought less liquid debts when I received adequate compensation to do so, but not more than my client's balance sheet could tolerate.

If so, you buy the longest noncallable bonds, add keep buying every dip, until rates reach your expected nadir.

Not exact matches

What I am arguing is that choosing the narrow area of the bond market that did best over the last 30 years — highest quality noncallable long debt, is not a fair comparison against the stock market as a whole.

Like equity, which is a long duration asset, these bonds in the index are noncallable with 25 - 30 years of maturity.

Illiquid assets must be funded by equity or long - term noncallable debt, where the term is as long as the asset's horizon.

If, during this period, a high - grade, noncallable, long - term bond with a 12 percent coupon had existed, it would have sold far above par.

Back when dividend yields were higher, and corporate bond yields were higher, both absolute and relative yield managers flourished as interest rates and dividend yields crested in the early 1980s, and the stocks paying high dividends got bid up as interest rates fell, much as the same thing happened to zero coupon and other noncallable long duration bonds.

CMBS, because it is noncallable, makes a lot more sense for longer - dated liabilities.