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    • A bond trading strategy based on the Markowitz model : the Norwegian bond market 

      Birkelund, Walter; Skjærgård, Trond Jonas (Master thesis; Mastergradsoppgave, 2011-06-06)
      This thesis evaluates the possibility of using a trading strategy based the Markowitz portfolio optimization algorithm. The strategy is tested on the Norwegian bond market. As a main feature of our analysis, we use historical prices to estimate expected returns, return variances, and covariance of the different bonds. Microsoft Excel 2010 and Microsoft Visual Basic for Applications 7.0 were applied ...