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We provide community bankers with quality investment products, services and education at competitive prices.
The Bond Academy is designed to provide community bankers with the basic knowledge needed to help plan and create effective investment portfolios. A high performance investment portfolio can provide a noticeable increase to your bank’s bottom line.
We are excited to introduce our virtual Bond Academy, an 8-part series designed to provide bank portfolio managers with the basic knowledge needed to help plan and create effective investment portfolios.
A high performance investment portfolio can provide a meaningful increase to your institution’s bottom line and serve as a valuable risk management tool. These sessions will provide you with the tools to understand how debt instruments work and their overall role in complementing the entire balance sheet.
Bond Fundamentals starts with the basics. During this webinar, you will learn what a bond is, its components, and how to compare investment alternatives considering their characteristics, structure, and risk/return metrics.
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Mortgage-backed securities (MBS) generally serve as a core holding in depository portfolios. During this webinar, we will illustrate how these securities can offer benefits such as government guarantees, liquidity, and cashflow to fund balance sheet needs.
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Along with MBS investments, CMOs provide many investors the return and cashflow characteristics they prefer. Being a structured mortgage investment, CMOs require a deeper base of knowledge and robust pre-purchase analysis. During this session, we will cover the basics of CMOs and prepare you with a better understanding of how CMOs work and elements you should consider when investing in them.
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The Agency CMBS market grew significantly in recent years and many depositories utilized the sector for investments with more bullet-like structures, but at typically greater yields than agency bullets. Fixed SBAs, the bulk of which include prepay penalties, also offer more positively convex risk profiles compared to residential MBS or callable agencies. In this session, you will learn how these investments offer attractive risk/return profiles that can help depositories offset reinvestment risk found elsewhere in the portfolio and overall balance sheet.
Municipal bonds offer attractive tax-equivalent yields, limited optionality, and their longer durations generally benefit the bond portfolio. During this presentation, you will learn why municipal bonds are a key component of high yielding depository portfolios, as well as the following:
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The health of the economy and its position in the business cycle are among the most important factors determining the level and direction of interest rates. Changes in interest rates are arguably the most important factor affecting the performance of a fixed income portfolio. Therefore, understanding and tracking economic indicators should be a key component of portfolio management.
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Register for Day 3 Afternoon Session - Economic Fundamentals
Many portfolio managers have been inundated with excess liquidity, which contributed to historically low net interest margins despite record low funding costs. Defending current earnings is a primary focus, but prudent risk management and consistent high performance is the long-term goal. During this session, we will discuss strategies to deploy excess liquidity within the risk management constraints of a community bank.
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Using advanced analytics is an essential requirement for individuals tasked with managing a balance sheet and/or securities portfolio. Sophisticated analytics and what-if modeling allow managers to make informed decisions and to develop strategies to optimize performance and manage risk. During this session, we will introduce several of Vining Sparks’ analytical tools.
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