Bonds and Bond Derivatives
This book provides an introduction to bond markets and bond derivatives for readers working in commercial businesses and financial institutions. While many topics about debt instruments involve mathematics, this book presents the essential elements in an intuitive manner. This new edition includes updated institutional material; new sections on callable bonds and the yield to call, convertible bonds, and methods for estimating and modern models of term structure of interest rates; as well as a comprehensive discussion of bonds in the European Economic Union.