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Fixed Income Analytics

Bonds in High and Low Interest Rate Environments

  • Wolfgang Marty

Table of contents

  1. Front Matter
    Pages i-xvii
  2. Wolfgang Marty
    Pages 1-4
  3. Wolfgang Marty
    Pages 5-16
  4. Wolfgang Marty
    Pages 17-102
  5. Wolfgang Marty
    Pages 103-128
  6. Wolfgang Marty
    Pages 129-147
  7. Wolfgang Marty
    Pages 149-158
  8. Wolfgang Marty
    Pages 159-171
  9. Wolfgang Marty
    Pages 173-183
  10. Back Matter
    Pages 185-204

About this book

Introduction

This book analyses and discusses bonds and bond portfolios. Different yields and duration measures are investigated. The transition from a single bond to a bond portfolio leads to the equation for the internal rate of return. Its solution is analyzed and compared to different approaches proposed in the financial industry. The impact of different yield scenarios on a model bond portfolio is illustrated. Market and credit risk are introduced as independent sources of risk. Different concepts for assessing credit markets are described. Lastly, an overview of the benchmark industry is offered and an introduction to convertible bonds is given. This book is a valuable resource not only for students and researchers but also for professionals in the financial industry. 


Keywords

Bond Analytics Straight Bonds Internal Return Rate Credit Market Risk Market

Authors and affiliations

  • Wolfgang Marty
    • 1
  1. 1.AgaNola AGPfaeffikonSwitzerland

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-48541-6
  • Copyright Information Springer International Publishing AG 2017
  • Publisher Name Springer, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-48540-9
  • Online ISBN 978-3-319-48541-6
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking