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capital incomefully anticipatedportfolio managementportfolio selectionfunding ratioanticipated promisepromise realizationduration targetingfranchise factorcapital structureyield curveÖffentliche anleihepublic bondshare priceoperating leverageleverage inflationinflation portfolioportfolio decisionsdecisions generalizedgeneralized fundingratio frameworkframework fundfund successsuccess assuranceassurance frontiersfrontiers fullyrealization fullyrealization fundingratio peakspeaks stallsstalls bondbond laddersladders rollingrolling yieldyield convergenceconvergence longlong termterm bondbond returnsreturns durationtargeting forwardforward curvecurve shiftsshifts returnreturn convergenceconvergence franchisefactor approachapproach firmfirm valuationvaluation statisticalstatistical durationduration spreadspread modelmodel raterate sensitivitysensitivity fixedfixed incomeincome sectorssectors inside
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