A Look Inside Stereotaxis: Cutting-edge Tele-robotic Surgery
Stereotaxis (NYSE: STXS) is the global leader in innovative tele-robotic technologies designed to enhance the treatment of arrhythmias and perform endovascular procedures.
Duration Issues Related to Seasoned Residential Mortgage Backed Securities
Fixed income practitioners traditionally think of duration as a security’s first-order sensitivity to changes in interest rates. Thus, a duration of X years equates – roughly – to a change in price of X% for every 100bp move in rates. And since the discounting formula for bond prices has this “rate” factor in the denominator, an increase in rates represents a decrease in the bond’s price, and vice-versa. Simple, right? Maybe not!