Bond Return Attribution

Fixed-income portfolios rarely move for just one reason. A bond’s return can reflect shifts in the government curve, credit spread repricing, currency translation, carry, rolldown, hedging, and issuer-specific selection effects-all interacting across instruments, sectors, and markets. This book is written for portfolio managers, performance analysts, risk professionals, and advanced allocators who need a clear, defensible way to explain bond results with the rigor expected in institutional in…