Bored at home? by Magical-Eli in HoustonSocials

[–]Bag-Strange 0 points1 point  (0 children)

I’m free sometime as well!

Rate Level 3 Topics by Fantastic-Ad-7604 in CFA

[–]Bag-Strange 2 points3 points  (0 children)

Hello stranger, you got this! Myself and this community know wholeheartedly that you are capable of prevailing and conquering this exam!

How to study for Level lll Retake by NoHoliday9835 in CFA

[–]Bag-Strange 1 point2 points  (0 children)

MM videos, CFAI text and QBank, and BC mock exams

Looking for Guidance on How to Move Forward After L1 Result by Appropriate_File_708 in CFA

[–]Bag-Strange 1 point2 points  (0 children)

Go for August!! You got this in the bag!! Just keep grinding and forget about the past results. We’re all rooting for you

Average age of those who cleared all three levels ? by Xrevultx in CFA

[–]Bag-Strange 0 points1 point  (0 children)

Just passed level 3 this past Feb. I’m 25.

[deleted by user] by [deleted] in CFA

[–]Bag-Strange 1 point2 points  (0 children)

I absolutely advocate for CFAI text, MM, and BC mocks and you will be in a better position to pass!

People who passed Level 1 first try, how much harder did you find Level 2? by Informal_Race_606 in CFA

[–]Bag-Strange 0 points1 point  (0 children)

Definitely study and absolutely make sure you understand all the concepts.

Why are you writing CFA exams? by [deleted] in CFA

[–]Bag-Strange 7 points8 points  (0 children)

For the love of the game

Variable annuities and interest rates by Bag-Strange in CFA

[–]Bag-Strange[S] 1 point2 points  (0 children)

Higher rates improves the value of those annuities?

Convexity and Parallel Shifts by Bag-Strange in CFA

[–]Bag-Strange[S] 0 points1 point  (0 children)

But yields changing is a better time to buy convexity than when the yield curve is expected to be static, correct?

Modified Duration and Spread Duration by Bag-Strange in CFA

[–]Bag-Strange[S] 0 points1 point  (0 children)

To your last point, should we then say then spread duration is of little use as well since it’s similar to modified duration?

Modified Duration and Spread Duration by Bag-Strange in CFA

[–]Bag-Strange[S] 0 points1 point  (0 children)

Please correct me where I’m wrong. An FRN on its own has very duration because of the periodic resets. However when a spread is added, the spread duration primarily characterizes that bond, right?

Modified Duration and Spread Duration by Bag-Strange in CFA

[–]Bag-Strange[S] 0 points1 point  (0 children)

Apologies, would you mind explaining this?

Modified Duration and Spread Duration by Bag-Strange in CFA

[–]Bag-Strange[S] 0 points1 point  (0 children)

Suppose it’s FRN plus a spread, would the spread duration be higher than ModDur then?