We use granular data sets – merged across the UK government bond, interest rate swap, options and futures markets – to estimate exposures to interest rate risk at the sector level and for individual funds within the same sector. We focus on non-bank financial intermediaries (NBFIs) such as...

Investors are looking for objects in which they invest their funds successfully, evaluating the effectiveness of alternative markets and their instruments. Historically, cash flow indicators most effectively reflected the mood of the masses in relation to any financial asset, both in the...