Tag Archives: S&P U.S. Issued Investment Grade Corporate Bond Index

Details of the Two-Factor Model

After identifying value and low volatility as factors that can effectively explain the return and volatility of an investment-grade corporate bond portfolio, we proposed a two-factor model to capture the security selection process of active corporate bond managers. The underlying universe for our study is the S&P U.S Issued Investment Grade Corporate Bond Index from Read more […]

Show Me The Muni

The S&P Municipal Bond Puerto Rico Index was the only state or territory index to finish the quarter in the red, down 1.25% with its yield to worst at 7.89%. Yields continue to rise as investors become more skeptical about Puerto Rico’s ability to fulfill obligations to their creditors. The S&P Municipal Bond Puerto Rico Read more […]