Portfolios morph: Investment securities have undergone big changes this year.
If there’s a constant in the world of a community bank investment manager, it’s disappointment. If you buy a bond today and yields go down tomorrow, you wish you’d have bought more; if yields go up, you wish you had bought none. If your overall portfolio has unrealized gains, you lament the poor yields that …
Portfolios morph: Investment securities have undergone big changes this year. Read More »