Macro & Multi-Asset

Every portfolio is a macro portfolio, whether its manager admits it or not. Rates regimes set the discount curve under every asset; inflation decides what a nominal return is worth; currency moves can dominate an unhedged allocation. This guide collects the Knowledge Hub's macro and multi-asset entries — the concepts that connect central-bank policy to portfolio outcomes.

All entries in this guide

• Convexity — Convexity is the second-order measure of a bond's rate sensitivity - the curvature that duration's…
• Credit Default Swap — A credit default swap (CDS) is insurance against a borrower defaulting: the protection buyer pays a periodic…
• Credit Spreads — A credit spread is the extra yield a borrower pays over a comparable risk-free benchmark - the market's…
• Duration — Duration measures how much a bond's price moves when its yield changes: a duration of 8 means roughly an 8%…
• Macro Regimes — A macro regime is a multi-quarter window in which growth, inflation, and policy interact in a stable enough…
• Yield Curve — The yield curve plots interest rates across maturities for instruments of equivalent credit quality…
• Zero-Coupon Bond — A zero-coupon bond pays no periodic coupon. Instead, it is sold at a discount to face value and matures at…

More topic guides

• Options & Derivatives
• Volatility
• Performance Measurement
• Risk Management
• Hedge Funds & Alternative Strategies

Browse the full Knowledge Hub · Produced by EC Assets Research