NISM 21B Portfolio Managers Exam Notes

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  • Yield Curve: Plots yields against maturities.
  • Flat Yield Curve: Similar yields across maturities.
  • Inverted Yield Curve: Short-term yields higher, signals recession.
  • Bond Portfolio: Balances risk and return via bond selection.
  • Duration Matching: Aligns duration with investment horizon.

NISM 21B Portfolio Managers

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