Using Corporate Inflation Protected Securities to Hedge Interest Rate Risk
In the first half of 2008, rising inflation became a concern, but by the fall the focus was on deflation. Such shifts in the outlook for inflation represent a significant risk for some companies, particularly those whose revenues and profits are negatively affected by increases in inflation and rates. For such companies, the use of long-term fixed-rate debt will provide at least a partial hedge against increased rates. Copyright Copyright (c) 2009 Morgan Stanley.
Volume (Year): 21 (2009)
Issue (Month): 4 ()
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