Bond Markets : Analysis and Strategies

by Fabozzi, Frank J.

• ISBN13: 9780130402660
• ISBN10: 0130402664
• Edition: 4th
• Format: Hardcover
• Copyright: 2000-01-01
• Publisher: PRENTICE HALL

Summary

This comprehensive reference on bonds takes a practical real-world approach to the subject. It contains detailed presentations of each type of bond and includes a wide range of products. Extensive discussions include not only the instruments, but also their investment characteristics, the state-of-the art technology for valuing them, and portfolio strategies for using them.Chapter topics include pricing, measuring yield, price volatility, municipal securities, non-U.S. bonds, performance measurement and evaluation, and interest-rate options.For portfolio managers and analysts in their quest for sound investments, and for individuals seeking to become more knowledgeable investors.

Table of Contents

Preface	xv
Introduction	1	(11)
Pricing of Bonds	12	(21)
Measuring Yield	33	(22)
Bond Price Volatility	55	(33)
Factors Affecting Bond Yields and the Term Structure of Interest Rates	88	(34)
Treasury and Agency Securities Markets	122	(21)
Corporate Debt Instruments	143	(34)
Municipal Securities	177	(20)
Non-U.S. Bonds	197	(20)
Mortgage Loans	217	(14)
Mortgage Pass-Through Securities	231	(28)
Collateralized Mortgage Obligations and Stripped Mortgage-Backed Securities	259	(60)
Asset-Backed Securities	319	(19)
Analysis of Bonds with Embedded Options	338	(28)
Analysis of Mortgage-Backed Securities	366	(23)
Analysis of Convertible Bonds	389	(12)
Active Bond Portfolio Management Strategies	401	(33)
Indexing	434	(13)
Liability Funding Strategies	447	(32)
Bond Performance Measurement and Evaluation	479	(20)
Interest-Rate Futures Contracts	499	(29)
Interest-Rate Options	528	(42)
Interest-Rate Swaps and Agreements	570	(25)
Index	595