投资组合 b o n d.pptVIP

Part1 Bond Valuation What is a bond? Different issuers Different maturities Different styles Bond rating Terminology Bond pricing Zero coupon bond Ordinary coupon bond Examples Converse question Some concepts Yield to maturity Term structure Future spot rate Forward rate What is a bond? Bonds are loans that investors make to corporations and governments. The borrowers get the cash they need while the lenders earn interest. (The Wall Street Journal – Guide to understanding money investing) a. Different issuers – Government (Treasury securities: T-bills, T-notes, T-bonds, Foreign-targete