Active bond portfolio management strategies include all of the following except
A) substitution swap.
B) rate anticipation swap.
C) intermarket spread.
D) immunization.
E) none of these.

Question

Quizplus · Accepted Answer

The other options, substitution swap, rate anticipation swap, and intermarket spread, are all active bond portfolio management strategies. Immunization is a passive strategy that seeks to match the duration of assets and liabilities to eliminate interest rate risk.

Active Bond Portfolio Management Strategies Include All of the Following