Chapter 8
Fixed Income Instruments
Abstract
Fixed income instruments are traded on both the money and capital markets. A typical capital instrument is an obligation (or bond). The bond typical risk factor is default of the issuer.
Keywords
bond
YTM
coupon
securitization
term structure
YTC
YTP
yield
spread
8.1. Classification
Typical classification of fixed income instruments:
| Types of Fixed Income Instruments | Note |
| Money market instruments | Discussed in Chapter 7 |
| Obligation (Bonds) market (debentures market) | Discussed in this chapter |
The difference between money market and capital market instruments lies with the intention of the investor. On ...
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