Duration

“And it's a relatively long duration asset class, so duration a little less than seven years.”

“We have taken our duration higher. About 18 months or so ago, we were running near the historically lowest level within our duration range, and as markets have become more attractive just from a rates perspective, we've taken that all the way up to neutral dur…”

“The Barclays Ag is not the Barclays Ag that it was at the end of the financial crisis, right? So the credit rating, Is a lot less today than it was back then, number one. Duration is doubled since that period of time.”