BAS September 2022 Presentations

Internal Use Only

Learning Objectives

1 – Impact on Other Components

2 – Investment Types and Terminology

3 – Yield Curve

4 – Credit Risk

5 – Interest Rate Risk

19

Internal Use Only

Bond Prices (Values) Move Opposite Interest Rates

3%

4.0%

Bond Portfolio Appreciation/Depreciation %

3.0%

2.0%

‐ 3%

1.0%

‐ 6%

10 ‐ Year Treasury Yield

‐ 7.72%

0.0%

‐ 9%

20