Laddered Fixed Income
For institutional investors
Our laddered strategies provide a systematic and customizable approach for income-oriented investors.
Fixed income investigated. Our weekly updates will keep you on top of rates, inflation, and much more.
Parametric’s Laddered Fixed Income strategies give investors the opportunity to adjust to rising interest rates and improve yields. These strategies aim to deliver predictable income and preserve investor capital.
Intended benefits of laddered bond portfolios
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Predictable exposure
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Once designed, a portfolio structure will be maintained to balance reinvestment and price risk.
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Execution
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Our size and scale allow us to buy and sell bonds at attractive prices with a focus on high efficiency and cost-effective trades.
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Risk management
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We seek to minimize downside risk with fundamental credit analysis from our credit research teams.
To build a laddered portfolio of corporates or municipals, we equally weight investment-grade bonds by maturities along a defined segment of the yield curve. As bonds mature, their proceeds are reinvested into longer maturities, which typically have higher yields. Through continuous reinvestment in longer-dated bonds, the overall portfolio benefits from higher income during periods of rising rates.
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ADVISOR TOOL
Laddered Interest Rate Scenario Tool
Discover the impact of changing interest rates on laddered municipal and corporate bond portfolios.
Explore more fixed income solutions
Why choose Parametric?
Resources
Gradually then Suddenly: US Debt and Deficits
![Kevin Lynyak}](/-/media/images/people/kevin-lynyak_greybg_400x400.png)
![James Benadum}](/-/media/images/people/james-benadum_greybg_400x400.png)
by Kevin Lynyak, Managing Director; James Benadum, Director, Portfolio Manager
July 1, 2024
Ongoing budget deficits linger amid the post-COVID economic recovery. In part one of our series, let’s look at fiscal policy and Treasury debt.
Midyear Fixed Income Outlook: Solid but Slowing, a Favorable Environment for Fixed Income
![Jonathan Rocafort}](/-/media/images/our-people-new-bio-card-headshots/jon-rocafort.png)
by Jonathan Rocafort, Managing Director, Head of Fixed Income Solutions
June 21, 2024
Economic resilience and the year-to-date increase in yields may simply prolong and enhance what we see as an attractive opportunity in fixed income.
Can Tight Spreads Still Deliver Excess Returns?
![Bernie Scozzafava}](/-/media/images/our-people/bernie-scozzafava_round_250x250.jpg)
![Kevin Lynyak}](/-/media/images/people/kevin-lynyak_greybg_400x400.png)
by Bernie Scozzafava, Director, Quantitative Research and Portfolio Management; Kevin Lynyak, Managing Director
May 31, 2024
Here’s why we believe that even at current tight spread levels, investing in corporate bond ladders may continue to offer a total return advantage over time in most economic environments.