债券定价和风险管理概述(PPT 111页)

1. Bond analysis
1.1 Capitalization of Income Method of Value
1.2 Bond attributes
预测违约的财务比(financial ratio)
单变量方法
多变量方法
1.3. Yield spread 的确定
1.4. 债券定价
2. Fixed-income portfolio management
2.1 利率风险
例子
2.2 Duration
例子：息率8%的债券
Duration
Duration Calculation: Example using Table 16.3
Duration 和股票价格变化之间的关系
What determines duration?
2.3 Convexity
Duration and Convexity
Correction for Convexity
Why do investors like convexity?
2.4 Passive bond management
Passive methods
Immunization
2.5 Active bond management

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