As the Fed winds down its balance sheet, it is putting this negative convexity risk back in the hands of private investors, and the associated interest rate volatility will return to the market. Issuance in a low rate environment To date I have been discussing developments in the rate structure from the perspective of the investor.
With statistics permeating the different facets of life, the BSP, together with other statistical agencies, is confronted with the challenge of going beyond the production of statistics and moving toward upgrading the level of statistical literacy in the country.