Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding

Page 1 <amp-img class='cut-thumb gotoPage' alt='Page 1: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/1.jpg' width="142" height="106" layout="responsive"> Reprinted with permission from Understanding the Yield Curve, United States Fixed-Income Research Portfolio Strategies, November 1995. Copyright 1995, SalomonBrothers, New York, NY. All rights reserved.

Page 2 <amp-img class='cut-thumb gotoPage' alt='Page 2: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/2.jpg' width="142" height="106" layout="responsive"> Page 3 <amp-img class='cut-thumb gotoPage' alt='Page 3: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/3.jpg' width="142" height="106" layout="responsive"> Page 4 <amp-img class='cut-thumb gotoPage' alt='Page 4: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/4.jpg' width="142" height="106" layout="responsive"> Page 5 <amp-img class='cut-thumb gotoPage' alt='Page 5: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/5.jpg' width="142" height="106" layout="responsive"> Page 6 <amp-img class='cut-thumb gotoPage' alt='Page 6: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/6.jpg' width="142" height="106" layout="responsive"> Page 7 <amp-img class='cut-thumb gotoPage' alt='Page 7: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/7.jpg' width="142" height="106" layout="responsive"> Page 8 <amp-img class='cut-thumb gotoPage' alt='Page 8: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/8.jpg' width="142" height="106" layout="responsive"> Page 9 <amp-img class='cut-thumb gotoPage' alt='Page 9: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/9.jpg' width="142" height="106" layout="responsive"> Page 10 <amp-img class='cut-thumb gotoPage' alt='Page 10: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/10.jpg' width="142" height="106" layout="responsive"> Page 11 <amp-img class='cut-thumb gotoPage' alt='Page 11: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/11.jpg' width="142" height="106" layout="responsive"> Page 12 <amp-img class='cut-thumb gotoPage' alt='Page 12: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/12.jpg' width="142" height="106" layout="responsive"> Page 13 <amp-img class='cut-thumb gotoPage' alt='Page 13: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/13.jpg' width="142" height="106" layout="responsive"> Page 14 <amp-img class='cut-thumb gotoPage' alt='Page 14: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/14.jpg' width="142" height="106" layout="responsive"> Page 15 <amp-img class='cut-thumb gotoPage' alt='Page 15: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/15.jpg' width="142" height="106" layout="responsive"> Page 16 <amp-img class='cut-thumb gotoPage' alt='Page 16: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/16.jpg' width="142" height="106" layout="responsive"> Page 17 <amp-img class='cut-thumb gotoPage' alt='Page 17: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/17.jpg' width="142" height="106" layout="responsive"> Page 18 <amp-img class='cut-thumb gotoPage' alt='Page 18: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/18.jpg' width="142" height="106" layout="responsive"> Page 19 <amp-img class='cut-thumb gotoPage' alt='Page 19: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/19.jpg' width="142" height="106" layout="responsive"> Page 20 <amp-img class='cut-thumb gotoPage' alt='Page 20: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/20.jpg' width="142" height="106" layout="responsive"> Page 21 <amp-img class='cut-thumb gotoPage' alt='Page 21: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/21.jpg' width="142" height="106" layout="responsive"> Page 22 <amp-img class='cut-thumb gotoPage' alt='Page 22: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/22.jpg' width="142" height="106" layout="responsive"> Page 23 <amp-img class='cut-thumb gotoPage' alt='Page 23: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/23.jpg' width="142" height="106" layout="responsive"> Page 24 <amp-img class='cut-thumb gotoPage' alt='Page 24: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/24.jpg' width="142" height="106" layout="responsive"> Page 25 <amp-img class='cut-thumb gotoPage' alt='Page 25: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/25.jpg' width="142" height="106" layout="responsive"> Page 26 <amp-img class='cut-thumb gotoPage' alt='Page 26: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/26.jpg' width="142" height="106" layout="responsive"> Page 27 <amp-img class='cut-thumb gotoPage' alt='Page 27: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/27.jpg' width="142" height="106" layout="responsive"> Page 28 <amp-img class='cut-thumb gotoPage' alt='Page 28: Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding' src='https://reader035.cupdf.com/reader035/viewer/2022070212/6103667dad64997b18699287/html5/thumbnails/28.jpg' width="142" height="106" layout="responsive">

Understanding the Yield Curve Income Research Portfolio …people.fas.harvard.edu/~css318a/handouts/Fixed_Income/... · 1999. 9. 11. · Reprinted with permission from Understanding

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