ESCP Europe

A textbook that covers types of bonds and their key features, analytical techniques for valuing bonds and quantifying their exposure to changes in interest rates, and portfolio strategies for achieving a client's objectives. It includes real-world examples and practical applications of principles as provided by third-party commercial vendors. This updated edition contains two new chapters covering the theory and history of interest rates and the issues associated with bond trading. The chapters on international bonds and managing a corporate bond portfolio have been completely revised as well.