Welcome to Bond Investment Mentor! In this episode, Chris discusses prepayment risk, why it may be making a comeback, and how to manage this risk in investment portfolios. In this episode: Celebrating five years of BIM1 (1:06) Bond market update (2:40) Bond rally and interest rates Fed Chair Powell comments The importance of "strategic patience" What's happening with the GDPNow model? (7:30) - Check out Atlanta Fed GDPNow The return of prepayment risk management (12:32) How to work with Chris (3...
Apr 05, 2025•40 min•Ep. 46
Welcome to Bond Investment Mentor! In this episode, Chris explores the power of strategic portfolio management and why it's essential for community financial institutions in today's uncertain environment. In this episode: Upcoming training (2:10) GSBC Executive Development Institute Community Bank Performance Institute Learn More Federal Reserve update (4:00) FOMC decision Bowman nomination for Vice Chair Interest rates and the yield curve (11:35) The power of strategic investment portfolio mana...
Mar 22, 2025•38 min•Ep. 45
In this episode: FOMC decision (1:35) BTFP is officially ending (6:09) Discount Window proposal (7:55) Federal Reserve info on Discount Window collateral (Click here) Rates are changing, what should we do? (11:23) Upcoming investment strategy workshop (LEARN MORE) Two investment training opportunities (22:37) Bond Basics course (LEARN MORE) Community Bank Investments School (CBIS) (LEARN MORE) If you have questions about anything covered in this episode, please email me at Chris @ BondInvestment...
Feb 06, 2024•26 min•Ep. 44
In this episode: Bond market review (2:14) Federal Reserve update (4:59) BTFP expiration FOMC membership changes Portfolio preparations for 2024 (10:12) Join us at the Fixed Income Institute (LEARN MORE) If you have questions about anything covered in this episode, please email me at Chris @ BondInvestmentMentor.com. Do you know someone who could benefit from this information? Please share this episode and podcast with them! You will find more articles, tips, and resources about fixed-income inv...
Jan 17, 2024•29 min•Ep. 43
In this episode: Special Guest: Darnell Canada from Darling Consulting Group Join us at the Fixed Income Institute (LEARN MORE) 1-on-1 mentoring - Professional development for community bankers (LEARN MORE) If you have questions about anything covered in this episode, please email me at Chris @ BondInvestmentMentor.com. Do you know someone who could benefit from this information? Please share this episode and podcast with them! You will find more articles, tips, and resources about fixed-income ...
Dec 22, 2023•45 min•Ep. 42
In this episode: Special Guest: Bob Newman from Chatham Financial Join us at the Fixed Income Institute (LEARN MORE) If you have questions about anything covered in this episode, please email me at Chris @ BondInvestmentMentor.com. Do you know someone who could benefit from this information? Please share this episode and podcast with them! You will find more articles, tips, and resources about fixed-income investing and portfolio management at BondInvestmentMentor.com . Check it out! Let’s Conne...
Dec 12, 2023•36 min•Ep. 41
In this episode: Special Guest: Neil Stanley from The Core Point Pressure Gauge for Bank Funding (Click here to try it!) Join us at the Fixed Income Institute (LEARN MORE) If you have questions about anything covered in this episode, please email me at Chris @ BondInvestmentMentor.com. Do you know someone who could benefit from this information? Please share this episode and podcast with them! You will find more articles, tips, and resources about fixed-income investing and portfolio management ...
Dec 04, 2023•40 min•Ep. 40
Welcome to Bond Investment Mentor! This is a podcast dedicated to helping community financial institutions master the art of fixed-income investments. In this episode: Results of FHFA review of FHLB (3:53) (Download FHFA Report) The Fixed Income Institute: The Ultimate Investment Training for Community Bankers (9:51) (LEARN MORE) If you have questions about anything covered in this episode, please email me at Chris @ BondInvestmentMentor.com. Do you know someone who could benefit from this infor...
Nov 16, 2023•23 min•Ep. 39
Welcome to Bond Investment Mentor! This is a podcast dedicated to helping community financial institutions master the art of fixed-income investments. In this episode: Review of bond markets & economic data (1:12) July MBS prepayment report (2:04) Investment Strategy Workshop in September! (3:31) (Learn More) Guest: Gretchen Claflin, Pacific Coast Banking School (5:58) If you have questions about anything covered in this episode, please email me at Chris @ BondInvestmentMentor.com. Do you kn...
Aug 14, 2023•40 min•Ep. 38
Welcome to Bond Investment Mentor! This is a podcast dedicated to helping community financial institutions master the art of fixed-income investments. In this episode: Review of bond markets & economic data (1:43) Coming Up! - GSBC Economic & Investment Forum (5:11) (Learn More) Past episodes on fixed-income security types (6:30) Municipal bonds (Click Here) Commercial MBS (Click Here) The basics of SBA securities (6:56) What are SBA securities? Variable-rate SBA pools Fixed-rate SBA poo...
Aug 07, 2023•20 min•Ep. 37
Welcome to Bond Investment Mentor! This is a podcast dedicated to helping community financial institutions master the art of fixed-income investments. In this episode: Bond market review (2;34) EMMA - A free muni bond resource (3:51) (Learn More) The basics of commercial mortgage-backed securities (7:38) What are commercial MBS? Call or prepayment protection benefits Agency CMBS types Fannie Mae - DUS, ACES Freddie Mac - Freddie Ks, FRESB Ginnie Mae - Project loans CMBS risks & consideration...
Jul 24, 2023•23 min•Ep. 36
Welcome to Bond Investment Mentor! This is a podcast dedicated to helping community financial institutions master the art of fixed-income investments. In this episode: Bond market review (1:59) The latest MBS prepayment data (5:26) The basics of municipal bonds (6:51) What are municipal bonds? Benefits of muni bonds Types of municipal bonds Taxable-equivalent yields Risks & other considerations Check out the Bond Basics course ! If you have questions about anything covered in this episode, p...
Jul 17, 2023•25 min•Ep. 35
Welcome to Bond Investment Mentor! This is a podcast dedicated to helping community financial institutions master the art of fixed-income investments. In this episode: Bond market review (1:43) A follow-up to last week's episode (3:56) The four levels of risk (6:32) If you have questions about anything covered in this episode, please email me at Chris @ BondInvestmentMentor.com. Do you know someone who could benefit from this information? Please share this episode and podcast with them! You will...
Jul 10, 2023•25 min•Ep. 34
Welcome to Bond Investment Mentor! This is a podcast dedicated to helping community financial institutions master the art of fixed-income investments. In this episode: Q2 Bond market & interest rate update (2:12) The end of LIBOR (5:43) Question: What are make-whole calls? (7:13) Five Tips - What to do when you're not actively investing (10:33) If you have questions about anything covered in this episode, please email me at Chris @ BondInvestmentMentor.com. Do you know someone who could bene...
Jul 02, 2023•23 min•Ep. 33
Welcome to Bond Investment Mentor! This is a podcast dedicated to helping community financial institutions master the art of fixed-income investments. In this episode: Federal Reserve update / Powell comments (2:20) Texas Permanent School Fund update (5:58) Building and managing bond ladders (8:00) If you have questions about anything covered in this episode, please email me at Chris @ BondInvestmentMentor.com. Do you know someone who could benefit from this information? Please share this episod...
Jun 23, 2023•19 min•Ep. 32
Welcome to Bond Investment Mentor! This is a podcast dedicated to helping community financial institutions master the art of fixed-income investments. In this episode: What's a virtual treasurer? (1:23) Special Guest: Neil Stanley (2:43) Comparing historical and current interest rates Effect of rates then and now Investments Deposits Liquidity and deposit management If you have questions about anything covered in this episode, please email me at Chris @ BondInvestmentMentor.com. Do you know some...
Apr 24, 2023•55 min•Ep. 31
Welcome to Bond Investment Mentor! This is a podcast dedicated to helping community financial institutions master the art of fixed-income investments. In this episode: New Fed borrowing program and free guide (4:01) (DOWNLOAD HERE) Texas PSF update (8:29) Question: Managing information overload (11:06) Your "virtual Treasurer" (25:27) If you have questions about anything covered in this episode, please email me at Chris @ BondInvestmentMentor.com. Do you know someone who could benefit from this ...
Apr 11, 2023•29 min•Ep. 30
Welcome to Bond Investment Mentor! This is a podcast dedicated to helping community financial institutions master the art of fixed-income investments. In this episode: Silicon Valley Bank: What happened? Article by Marc Rubinstein (CLICK HERE) 7 Takeaways for community bankers If you have questions about anything covered in this episode, please email me at Chris @ BondInvestmentMentor.com. Do you know someone who could benefit from this information? Please share this episode and podcast with the...
Mar 12, 2023•18 min•Ep. 29
Welcome to Bond Investment Mentor! This is a podcast dedicated to helping community financial institutions master the art of fixed-income investments. In this episode: FOMC decision (2:13) Economic data review (4:27) Employment report Employment cost index ISM manufacturing & service indices MBS news: Lower 15-year mortgage issuance (8:02) Question: What do you do? (9:52) Where to focus your investment efforts in 2023 (14:38) If you have questions about anything covered in this episode, plea...
Feb 08, 2023•25 min•Ep. 28
Welcome to Bond Investment Mentor! This is a podcast dedicated to helping community financial institutions master the art of fixed-income investments. In this episode: Year-end market & interest rate review (2:21) Federal Reserve news (6:29) FOMC minutes Kashkari comments (ARTICLE LINK) This week's economic data (11:27) Employment report ISM Services Index Why every financial institution needs an investment strategy (13:52) Live training coming up! BIM Investment Strategy Workshop (REGISTER ...
Jan 08, 2023•28 min•Ep. 27
Welcome to Bond Investment Mentor! This is a podcast dedicated to helping community financial institutions master the art of fixed-income investments. In this episode: FOMC decision & market reaction (2.04) Changes to FOMC membership (4:57) Federal Reserve comments on unrealized investment losses & tangible capital issues (6:35) New conforming loan limits for residential mortgages (10:02) Updated guidance on legacy LIBOR-based adjustable mortgages (ARMs) (12:11) Fannie Mae announcement (...
Dec 23, 2022•19 min•Ep. 26
Welcome to Bond Investment Mentor! This is a podcast dedicated to helping community financial institutions master the art of fixed-income investments. In this episode: Coming in January! Building an Investment Strategy for Your Financial Institution (LEARN MORE) (1:44) Conversation w/ Darnell Canada from Darling Consulting Group (5:45) The issue of negative tangible equity & FHLB funding Using HTM vs. AFS classification for investments Importance of good investment communications Investor he...
Dec 15, 2022•54 min•Ep. 25
Welcome to Bond Investment Mentor! This is a podcast dedicated to helping community financial institutions master the art of fixed-income investments. In this episode: FOMC Rate Decision (1:36) Bond Market Review (5:43) 6 Tips to Managing Through Uncertainty (8:16) The Basics of Hybrid ARMs What are hybrid ARMs? How are they different from other mortgage securities? Understanding how hybrid ARMs behave Managing hybrid ARM risks Why invest in hybrid ARMs? Resource: Fixed-Income Pre-Purchase Check...
Nov 08, 2022•27 min•Ep. 24
Welcome to Bond Investment Mentor! This is a podcast dedicated to helping community financial institutions master the art of fixed-income investments. In this episode: Quarter-end market review (2:29) Moody's report on municipal stress test results (7:43) Article on results (DOWNLOAD) Full report (DOWNLOAD) Listener question: Modified vs. effective duration (9:32) Investment conversations with the board (12:56) The board member's perspective 4 investment conversations Role of the investment port...
Oct 05, 2022•33 min•Ep. 23
Welcome to Bond Investment Mentor! This is a podcast dedicated to helping community financial institutions master the art of fixed-income investments. In this episode: Federal Reserve & bond market update (3:01) What's the difference between WAL and duration? (8:07) Texas PSF program approaches its maximum capacity (10:33) The Inverted Yield Curve (13:27) What is an inverted yield curve? Understanding the "2s/10s" spread Historical curve inversion data What does an inverted yield curve mean?...
Sep 27, 2022•26 min•Ep. 22
Welcome to Bond Investment Mentor! This is a podcast dedicated to helping community financial institutions master the art of fixed-income investments. In this episode: A question about yield tables (2:40) Bond market and economic review (6:15) The return of liquidity management (9:16) Heading back to the future w/ liquidity management 3 Factors to successful liquidity management The investment portfolio's role in managing liquidity 2 ways to manage liquidity in the portfolio Online training with...
Jul 25, 2022•23 min•Ep. 21
Welcome to Bond Investment Mentor! This is a podcast dedicated to helping community financial institutions master the art of fixed-income investments. In this episode: Bond market and economic review (2:06) Federal Reserve update (4:31) July MBS prepayment report (8:25) Managing option risk/optionality (10:27) What is option risk? How do options work? 2 types of optionality How option risk affects securities and portfolios How to manage optionality Online training with the Bond Basics Course (30...
Jul 13, 2022•34 min•Ep. 20
Welcome to Bond Investment Mentor! This is a podcast dedicated to helping community financial institutions master the art of fixed-income investments. In this episode: Jerome Powell on Capitol Hill (1:49) Bond market review (4:22) RESOURCE: Bond market holiday calendars (7:31) SIFMA market calendar (DOWNLOAD) Chatham Financial market calendar (DOWNLOAD) Navigating Bloomberg yield tables (9:30) What are yield tables? (9:59) Yield table format (11:30) 4 Types of yield tables (16:13) YT (PSA format...
Jun 30, 2022•25 min•Ep. 19
Welcome to Bond Investment Mentor! This is a podcast dedicated to helping community financial institutions master the art of fixed-income investments. In this episode: Chris makes an apology - Pre-FOMC drama (1:34) Federal Reserve rate decision (5:47) Highest mortgage rates since 1987 and prepayment/extension risk (10:27) 5 portfolio management tips when the markets are dicey (like now!) (12:27) Free Download: Pre-Purchase Due Diligence Checklists (24:40) ( Learn More ) If you have questions abo...
Jun 21, 2022•27 min•Ep. 18
Welcome to Bond Investment Mentor! This is a podcast dedicated to helping community financial institutions master the art of fixed-income investments. In this episode: Economic & Market Review (1:42) Inflation report Consumer sentiment Consumer credit GDP Now (Q2) MBS Prepayment Data (6:58) Understanding the De Minimis Tax Rule (11:03) What is the de minimis rule? The de minimis threshold price Tax treatment of muni bond price accretion Selling or buying deeply discounted municipal bonds Blo...
Jun 12, 2022•23 min•Ep. 17
