Ryan ALM
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Bond Math and A Steepening Yield Curve - Perfect Together!
We are in the midst of a project for a DB pension plan in which we were asked to model a series of liability cash flows (benefits and expenses) using cash flow matching (CFM) to defease and secure those liabilities....
The Power of Bond Math
By: Ronald J. Ryan, CFA, Chairman, Ryan ALM, Inc. Bonds are the only asset class with the certainty of its cash flows. That is why bonds have always been used to cash flow match and defease liabilities. Given this certainty,...