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Interest rates credit spreads and hybrid price sensitivity
Hybrid prices can respond to interest rates, credit spreads and equity moves at the same time. A single duration estimate captures only part of that exposure.
Read articleFOLITIC / HYBRID SECURITIES
Hybrid Securities Trading Guide
Understand securities that combine features of debt, equity and derivatives. Follow eight stages covering preferred shares, convertibles, corporate hybrids, bank capital and structured notes.
Start with What makes a security a hybrid, then follow the next lesson links. Explore 32 lessons with worked examples, exercises and further reading.
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Price sensitivity · All lessons
Pricing Research and Execution
Compare yields, scenario values, liquidity and practical trading costs.