Description: The Funds Rate Target and Interest Rates by Daniel L. Thornton from Risks and Rewards Newsletter, April 2000, Issue No. 34. The close relationship between short term rates and the Federal Reserve's target for funds rate has led many observers to conclude that the Federal Reserve has considerable ability to influence short-term rates.

Description: When Is It Right To Use Arbitrage-Free Scenarios? by Stephen Britt from Risks and Rewards Newsletter, September 2000, Issue No. 35.

Description: Diminished equity returns and historically low levels of interest rates are compelling plan sponsors to look at new ways of fulfilling their fiduciary responsibilities. In response, new frontiers in asset/liability management have arisen. This article will discuss strategies aimed at reducing the volatility of pension expense and decreasing the likelihood of significant funding deficits, all without increasing pension contribution rates. From Risks and Rewards Newsletter, August 2005, Issue No. 47.

Description: This article lays out a generic framework on how to hedge a European call option on a non-dividend paying stock using futures in a stochastic interest rate environment.

Description: Feature article discussing potential pitfalls of using leveraged short ETFs as inverse funds to hedge portfolios.

Description: The August 2012 issue of Risks & Rewards newsletter.

Description: Proposes a benchmark consisting of TIPs and deferred income annuities for retirement asset allocation decisions.

Description: Abstract of Research Project on Interest Rate Risk

Description: Explains different disclosure requirements that apply to costs characterized as part of the "spread" and those that are part of the contract "fees". An example illustrates these concepts

Description: Describes a case study of estimating insurance liability dollar value of 1 bp using a polynomial approximation. The polynomial approximation is calibrated using a least-squares fit to results under a multi-scenario projection