This is a summary of links featured on Quantocracy on Monday, 04/10/2017. To see our most recent links, visit the Quant Mashup. Read on readers!
Did Declining Rates Actually Matter? [Flirting with Models]From 1981 to 2017, 10-year U.S. Treasury rates declined from north of 15% to below 2%. Since bond prices appreciate when rates decline, many have pointed towards this secular decline as a tailwind that created an unprecedented bull market in bonds. Exactly how much declining rates contributed, however, is rarely quantified. An informal poll, however, tells us that people generally believe the