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1)bond issue 2)coupon payment 3)bond maturity
Maturity of asset in portfolio is larger than the maturity of liabilities in the portfolio
That would depend on the maturity
The yield to maturity of a bond generally decreases over time as the bond approaches its maturity date. This is because as the bond gets closer to maturity, the price of the bond tends to increase, which in turn lowers the yield to maturity.
A yield to maturity is the internal rate of return on a bond held to maturity, assuming scheduled payment of principal and interest.