Latest posts

  • Yield to worst

    THE DEFINITION OF YTW: WHAT IS IT? The Yield to Worst (YTW) is the minimum potential return that an investor can receive on a bond without the issuer defaulting. It considers scenarios where the issuer might redeem the bond early, for example, through a call provision (Yield to Call – YTC). It is the lower…

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  • JP Morgan Whale strategy

    JP Morgan whale is a massive trade that one of JP Morgan’s many hedge funds has in the market; it is a ‘collar’ strategy, although we believe it is wrong to call it that way. The collar is a strategy where there is a long position in the underlying asset, JP Morgan is long on…

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