Bond Markets, Analysis and Strategies (Paperback)

This comprehensive textbook on bonds takes a practical real-world approach focusing on the bond market and the tools for managing bond portfolios. It includes a detailed discussion of each type of bond and interest rate derivative. The text features comprehensive discussion of not only the instruments, but their investment characteristics, the state-of-the art technology for valuing them, and portfolio strategies for using them.

Features
* Expanded coverage on asset-backed securities.
* Cover commercial mortgage-backed securities; collateralized debt obligations; and credit derivatives.
* Excerpts from weekly trade publications—As a component of end-of-chapter questions.
* Latest analytical techniques for valuing complex bond structures
* Discussion of interest rate derivative instruments. Portfolio strategies employing interest rate derivatives.

Contents
* Introduction.
* 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-U.S. Bonds.
* Residential Mortgage Loans.
* Mortgage Pass-Through Securities.
* Collateralized Mortgage Obligations and Stripped Mortgage-Backed Securities.
* Commercial Mortgage-Backed Securities.
* Asset-Backed Securities.
* Collateralized Debt Obligations.
* Analysis of Bonds with Embedded Options.
* Analysis of Residential Mortgage-Backed Securities.
* Analysis of Convertible Bonds.
* Active Bond Portfolio Management Strategies.
* Indexing.
* Liability Funding Strategies.
* Bond Performance Measurement and Evaluation.
* Interest-Rate Futures Contracts.
* Interest-Rate Options.
* Interest-Rate Swaps and Agreements.
* Credit Derivatives.
Index.