3 янв. 2022 г. · Locat expectation theory asserts that in short term the expected return for a bond is risk-free, assuming that is no-arbitrage opportunities in short term.

23 сент. 2023 г. · "Yields are a reflection of expected spot rates and risk premiums. Investors demand risk premiums for holding long-term bonds, ...

13 июн. 2019 г. · Local expectations- investors are no longer risk nuetral. They demand a liquidity premium that is larger as time to maturity increases.

15 авг. 2024 г. · under the local expectations theory, the short term return for all bonds is going to be the same, so even though the bonds are a 5 year and ...

20 апр. 2024 г. · Don't let people discourage you. I am agreeing with the point that your location will decide how much you get out of having the CFA title.

16 авг. 2022 г. · If asset duration is lower than liability duration, assets have less sensitivity to general interest rate changes, all else equal.

I did not understand why we are talking about no arbitrage condition in Local Expectations theory. Not able to join the dots. Can someone help me pls.

29 окт. 2021 г. · It outlines various theories of which the MPT is one of them and it is up to you to apply them in your profession as you wish.

31 июл. 2022 г. · A place for discussion and study tips for the Chartered Financial Analyst® (CFA®) program. ... CFA2, FIXED INCOME, LOCAL EXPECTATION vs LIQUIDITY ...

19 окт. 2023 г. · CFA has limited application as most Fortune 500 companies need advanced data analytics, not deep analysis. For Alts, the CAIA is better.