Schmidhammer, Christoph - In: Credit and Capital Markets – Kredit und Kapital 51 (2018) 3, pp. 421-443
low interest rates. Relying on the REX, Germany"s leading bond index, laddered cash flows are created, and maturity … increase with the length of maturity. Performance measures, such as return on risk-adjusted capital and the Sharpe ratio, show … maturity decisions as well as expectations of changes in the yield level. …