Immunization using zeros

green 7157

New member
Joined
Jun 18, 2026
Messages
0
Reaction score
0
If you use zeros to immunize a portfolio, do you need to make changes as interest rates change or as time goes by?
 
Not if you do it correctly.
Your zeros should match your required cash flows in timing and amount, so you don’t care about anything but the par amount.
 
Back
Top