Fixed Income Analytics: Bonds in High and Low Interest Rate Environments by Wolfgang Marty
English | PDF,EPUB | 2020 | 233 Pages | ISBN : 3030471578 | 27 MB
This 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.