LEADER 02456nam 2200421 450 001 9910468250703321 005 20230823000722.0 010 $a3-030-47158-6 024 7 $a10.1007/978-3-030-47158-3 035 $a(CKB)4100000011469515 035 $a(MiAaPQ)EBC6355525 035 $a(DE-He213)978-3-030-47158-3 035 $a(EXLCZ)994100000011469515 100 $a20210218d2020 uy 0 101 0 $aeng 135 $aurnn#008mamaa 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aFixed income analytics $ebonds in high and low interest rate environments /$fWolfgang Marty 205 $aSecond edition. 210 1$aCham, Switzerland :$cSpringer,$d[2020] 210 4$dİ2020 215 $a1 online resource (XXI, 226 p. 98 illus.) 311 $a3-030-47157-8 327 $aIntroduction -- The Time Value of Money -- The Flat Yield Curve Concept -- The Internal Rate of Return for a Bond Portfolio -- The Term Structure of Interest Rate -- Spread Analysis -- Different Fixed Income Instruments -- Fixed-Income Benchmarks -- Convertible -- Multi Currency Portfolio -- Appendices -- References -- Index. 330 $aThis book analyses and discusses bonds and bond portfolios. Different yields and duration measures are investigated for negative and positive interest rates. The transition from a single bond to a bond portfolio leads to the equation for the internal rate of return. Its solution is analysed 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 second edition also includes a chapter on multi-currency portfolios as well as a discussion on currency hedging. This book is a valuable resource not only for students and researchers but also for professionals in the financial industry. 606 $aBusiness enterprises$xFinance 615 0$aBusiness enterprises$xFinance. 676 $a658.15 700 $aMarty$b Wolfgang$0913295 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910468250703321 996 $aFixed income analytics$92045925 997 $aUNINA