This book analyses and discusses fixed income and bond portfolios. Starting with yield to maturity bonds, it compares different duration measures and investigates the transition from single bonds to bond portfolios to derive the internal rate of return equation (IRR). Unlike the approximate computations that are common in the financial industry, this book analyses its numerical solution. It also examines the differences between a flat yield concept and a flat yield curve and the impact of different yield scenarios on bond portfolios. In his analysis, the author distinguishes between market and credit risk and describes different concepts for assessing credit markets. Lastly, he offers an overview of the benchmark industry and presents an introduction to convertible bonds. This book is a valuable resource not only for students and researchers but also for professionals in the financial industry.
- ISBN: 978-3-319-48540-9
- Editorial: Springer
- Encuadernacion: Cartoné
- Fecha Publicación: 09/06/2017
- Nº Volúmenes: 1
- Idioma: Inglés