Fixed Income Analysis

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Preface xv Acknowledgements xvii About the CFA Institute Investment Series xix PART I: Fixed Income Essentials CHAPTER 1: Fixed Income Securities: Defining Elements 3 CHAPTER 2: Fixed Income Markets: Issuance, Trading, and Funding 45 CHAPTER 3: Introduction to Fixed-Income Valuation 91 CHAPTER 4: Introduction to Asset-Backed Securities 149 CHAPTER 5: Understanding Fixed-Income Risk and Return 201 CHAPTER 6: Fundamentals of Credit Analysis 257 PART II: Fixed Income Term Structure, Advanced Valuation, and Credit Analysis CHAPTER 7: The Term Structure and Interest Rate Dynamics 325 CHAPTER 8: The Arbitrage-Free Valuation Framework 377 CHAPTER 9: Valuation and Analysis of Bonds with Embedded Options 419 CHAPTER 10: Credit Analysis Models 487 CHAPTER 11: Credit Default Swaps 545 PART III: Fixed Income Portfolio Management CHAPTER 12: Overview of Fixed-Income Portfolio Management 575 CHAPTER 13: Liability-Driven and Index-Based Strategies 617 CHAPTER 14: Yield Curve Strategies  693 CHAPTER 15: Fixed-Income Active Management: Credit Strategies 743 Glossary 823 About the Editors 841 About the CFA Program 843 Index 845