Barbell strategy


A fixed income strategy in which the maturities of the securities included in the portfolio are concentrated at two extremes. For example, a portfolio manager invests in short and long duration bonds but not in the intermediate duration bonds.

Investing Essentials

Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Bank anticipation notes (BAN)

Notes issued by states and municipalities to obtain interim financing for projects that will eventually be funded long term through the sale of a bond issue.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!

Create your free portfolio