He says he has arranged for credit lines at dozens of banks with durations as long as a year, buying him time.
It will also provide credit lines with durations as short as six months.
But pension funds are different, the argument goes, and they require a different strategy: stocks when workers are young, perhaps, but later on, as workers age, an ultraconservative portfolio of bonds, with durations shortening as they approach retirement.
Fixed-income specialists have been urging both companies and the pension agency to immunize portfolios against any recurrence of that disaster, by investing in bonds with durations that match the dates when benefits must be paid.
These bonds, with durations ranging from one to fifteen years, differ from publicly issued debt in that they can be called at anytime without penalty.
Thus, the chosen ramp function could encompass phenomena with durations shorter and longer than 1 year.
Fine spectral structures with durations shorter than 1 s are recognized in the radio dynamic spectra.
Fig. 6 Raman spectra measured on SiNW samples with durations of 2, 30, and 90 min.
In the Nankai Trough, SSEs with durations of several days are called short-term SSEs, and SSEs with durations of several months or years are called long-term SSEs (Obara 2011).
Two prominent bursts are found at about 40 s and 90 s with durations of a few tens of seconds.
Being spontaneous in nature, the corpus also does not have sustained vowel pronunciations with durations over few seconds.
