Description: Suspension of 30-year Treasury auctions will have minimal impact on bond market structure in the near term, but over the mid- to long-term, consequences could be profound. This article discusses that impact the suspension of the 30-year treasury will have.

Description: Explains the more granular breakout of bond RBC factors proposed to the NAIC. Evaluates alternative asset allocation choices for insurers under the new rules.

Description: U.S. bond markets have undergone dramatic changes due to the 2008 Global Financial Crisis (GFC) and the COVID-19 pandemic. In taking a retrospective view, we can see that bond markets, viewed through the lens of major bond indices, have been evolving for quite some time. Within this paper, TD Asset Management Inc. (TDAM) will explore underlying changes that have occurred within the U.S. Corporate Bond Index, a sub-component of the larger U.S. investment grade bond market, over the past decade. We will highlight key structural changes that have occurred within bond markets and why they are noteworthy

Description: Explains the method used to calculate Liquidity Cost Score and Price Impact Score. Describes the rationale for and applications of these methods.

Description: This article discusses how FHLB advances, i.e. low cost loans, can supply valuable risk management benefits. By carefully structuring an advance to mature coincident with the anticipated premium inflows generated by insurance products, a company can largely eliminate future net cash flows and consequently the need to invest them in uncertain capital markets.

Description: The article discusses C1 risks in five areas: 1 the economics of risk, 2 portfolio optimization, 3 policy, 4 risk interaction and 5 institutional aspects of C1 risk.

Description: This article highlights the Annual Meeting Session 39 on the Equity Risk Premium (ERP), mentions related sources. Further, it asks whether in the future we will no longer regard the ERP as a single monolithic entity but as a mosaic of premia, and also whether individual investors presently are too optimistic.

Description: Describes session at the 2015 Life and Annuity Symposium on a new electronic exchange for equity securities, IEX. The exchange rules limit the potential for high frequency traders to front-run customer orders.

Description: Crossword Puzzle

Description: Feature article discussing the complexity of financial markets.