CONTENTS

Title Page

Copyright

Dedication

Acknowledgments

Foreword

Preface

1. Introduction to the Debt Market

2. Single Cash Flow Yield Calculations

3. Discount Instruments

4. Multiple Cash Flows

5. Basic Bond Yield Calculations

6. Bootstrapping the Zero Coupon Curve

7. Valuing Bonds Using the Zero Curve

8. Impact of Nonparallel Yield Curve Shifts

9. Interest Rate and Reinvestment Risks

10. Variables That Impact Duration

11. Modified Duration

12. Convexity

13. Credit Risk

14. Pricing Credit Risk

15. Passive Fixed Income Portfolio Management

16. Active Portfolio Management

 

Appendix A: Derivation of Modified Duration

Appendix B: Duration Program for an HP-12C Financial Calculator

Publisher’s Note

Index

About The Author