Fixed income reinvestment rate risk

CFA Level III Fixed Income
#1
  1. Which fixed income Portfolio will have the lowest reinvestment rate risk? Ladder or Bullet?
  2. Also which portfolio will provide max protection against yield curve twists and non parallel shifts?
#2

  1. Bullet

  2. Depends on what you mean by maximum protection

#3

@S2000magician

  1. The mandates also mention that the risk of fluctuations in the bond portfolio’s value due to non-parallel shifts and/or twists in the yield curve should be curbed. Steinberg is not sure which portfolio to opt for.
    Options are Bullet/ Barbell/ Ladder