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September 14, 2023

Articles We Read This Week


Gold Market Commentary: Can gold bear the bond steepener?

Article by the World Gold Council (who knew?) describing an interesting Gold Return Attribution Model (GRAM). They show a nice table summarizing an analysis of asset returns during different bear/bull/flattener/steepener yield curve regimes.

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Value and Momentum Factors in Fixed Income

Andrew Miller's Alpha Architect guest post provides some interesting insights on how to construct a fixed-income value factor for bond sectors of varying credit risk.

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Yield Curve Trades with Trend and Momentum

NewFound CIO, Corey Hoffstein's piece is reminiscent of work done by Jordan Brooks and Tobias Moskowitz at AQR. He adds some cool insights on how to account for rebalance timing and thoughts on how to add bond exposure to other types of portfolios (portable beta).

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