20 Mar 2026 · 1 min read
Systemising Bond Relative Value
Turning discretionary relative value ideas into a repeatable screening and review process.
The problem
Many RV books rely on memory and ad hoc comparison. That slows decision-making and makes post-trade learning weak.
A repeatable framework
- Build a consistent opportunity set.
- Score signals across valuation, carry, liquidity, and catalyst quality.
- Track implementation quality and realised path vs thesis.
- Feed outcomes back into position sizing rules.
Outcome
A systemised RV process improves consistency, transparency, and governance while keeping room for discretionary insight.
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