Bond Markets, Analysis and Strategies, 4th edition, takes a practical real-world approach to bond investing. It includes a detailed discussion of each...
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Résumé
Bond Markets, Analysis and Strategies, 4th edition, takes a practical real-world approach to bond investing. It includes a detailed discussion of each type of bond and interest rate derivative instrument. The text features a comprehensive discussion of not only the instruments, but also their investment characteristics, the state-of-the-art technology for valuing them, techniques for quantifying interest rate risk, and portfolio strategies for using them. These strategies include active strategies and structured portfolio strategies. New to this edition: Recent developments and information of the analytical techniques in the valuation of bonds with embedded options and measures for assessing the interest rate risk of complex instruments have been included. Strategies for accomplishing investment objectives, particularly employing derivative instruments, have been updated. Information on the latest developments in mortgage-backed securities and asset-backed securities is available.
Sommaire
Pricing of Bonds
Measuring Yield
Bond Price Volatility
Factors Affecting Bond Yields and the Term Structure of Interest Rates
Treasury and Agency Securities Markets
Corporate Debt Instruments
Municipal Securities
Non-US Bonds
Mortgage Loans
Mortgage Pass-Through Securities
Collateralized Mortgage Obligations and Stripped Mortgage-Backed Securities