Basis risk refers to the potential mismatch between the value of an asset or liability and the financial instrument used to hedge or manage its risk. This divergence can result in unexpected gains or ...

Asset managers often need to hedge their credit portfolios or quickly add or reduce risk to enhance their portfolio returns and generate alpha. For most corporate and emerging market bond portfolio ...

Over the past 20 years, financial institutions have made significant efforts to establish and improve their procedures for interest rate risk management, including using economic models of interest ...