{"id":43472,"date":"2022-05-30T22:04:01","date_gmt":"2022-05-31T03:04:01","guid":{"rendered":"https:\/\/prefblog.com\/?p=43472"},"modified":"2022-05-30T22:04:01","modified_gmt":"2022-05-31T03:04:01","slug":"research-break-even-rate-shock-2","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=43472","title":{"rendered":"Research: Break-Even Rate Shock (PrefLetter Version)"},"content":{"rendered":"<p>Investors will often purchase FixedResets in preference to PerpetualDiscounts because &#8220;there is better inflation protection&#8221;. In this essay, published as an appendix to the June, 2009, <a href=\"http:\/\/www.prefletter.com\">PrefLetter<\/a>, I attempt to quantify and discuss this effect.<\/p>\n<p>The related Break-Even Rate Shock Calculator has been <a href=\"http:\/\/www.prefblog.com\/?p=7511\">published previously<\/a>, as has the <a href=\"https:\/\/prefblog.com\/?p=8385\">Moneyletter version of this discussion<\/a>.<\/p>\n<p>Look for the research link!<\/p>\n<div align=\"center\"><a href=\"http:\/\/www.himivest.com\/media\/prefLetterApp_0906.pdf\"><img decoding=\"async\" src=\"http:\/\/www.prefblog.com\/images\/ad_BERS_PL.gif\"><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Investors will often purchase FixedResets in preference to PerpetualDiscounts because &#8220;there is better inflation protection&#8221;. In this essay, published as an appendix to the June, 2009, PrefLetter, I attempt to quantify and discuss this effect. &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-43472","post","type-post","status-publish","format-standard","hentry","category-publications"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43472"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43472\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}