August 2010
Beginner to intermediate
495 pages
11h 48m
English
Content preview from Fixed-Income Securities and Derivatives Handbook, Second Edition
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PART ONE
INTRODUCTION TO BONDS
Part One describes fixed-income market analysis and the basic concepts relating to bond instruments. The analytic building blocks are generic and thus applicable to any market. The analysis is simplest when applied to plain vanilla default-free bonds; as the instruments analyzed become more complex, additional techniques and assumptions are required.
The first two chapters of this section discuss bond pricing and yields, moving on to an explanation of such traditional interest rate risk measures as modified duration and convexity, followed by a discussion of floating-rate notes (FRNs). Chapter 3 looks at spot and forward rates, the derivation of such rates from market yields, and the yield curve.
Yield-curve analysis ...
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