AND ZERO-COUPON BONDS
THE HOLDING PERIOD YIELD
TAXABLE EQUIVALENT YIELD
CREDIT RISK
BOND INSURANCE
EQUIVALENCE WITH ZERO-COUPON BONDS
SPOT RATES
THE COUPON EFFECT
BOOTSTRAPPING
FORWARD RATES
THE YIELD CURVE AND THE TERM STRUCTURE
SHAPES OF THE TERM STRUCTURE
THEORIES OF THE TERM STRUCTURE
THE LIQUIDITY PREMIUM HYPOTHESIS
THE MONEY SUBSTITUTE HYPOTHESIS
THE MARKET SEGMENTATION HYPOTHESIS
THE PREFERRED HABITAT THEORY
THE SHORT RATE
FLOATING RATE BONDS
SIMPLE MARGIN
BONDS WITH EMBEDDED OPTIONS
CALLABLE BONDS
YIELD TO CALL
PUTABLE BONDS
CONVERTIBLE BONDS
USING SHORT RATES TO VALUE BONDS
PRICE VOLATILITY
A CONCISE FORMULA
DURATION AND PRICE VOLATILITY
PROPERTIES OF DURATION
DOLLAR DURATION
CONVEXITY
A CONCISE FORMULA
DOLLAR CONVEXITY
PROPERTIES OF CONVEXITY
IMMUNIZATION
TREASURY AUCTIONS
WHEN ISSUED TRADING
PRICE QUOTES
STRIPS
INFLATION INDEXED BONDS
COMPUTING PRICE GIVEN YIELD AND VICE VERSA IN EXCEL
COMPUTING DURATION IN EXCEL
NOTES
13 CHAPTER 5: Money Markets INTRODUCTION MARKET SUPERVISION THE FEDERAL RESERVE SYSTEM KEY DATES IN THE CASE OF CASH MARKET INSTRUMENTS THE MODIFIED FOLLOWING BUSINESS DAY CONVENTION THE END/END RULE THE INTERBANK MARKET TYPES OF LOANS LIBOR LIBID SONIA TRANSITIONING FROM LIBOR INTEREST COMPUTATION METHODS TERM MONEY MARKET DEPOSITS MONEY MARKET FORWARD RATES FEDERAL FUNDS FEDERAL FUNDS VERSUS CLEARINGHOUSE FUNDS CORRESPONDENT BANKS: NOSTRO AND VOSTRO ACCOUNTS TREASURY BILLS REOPENINGS YIELDS ON DISCOUNT SECURITIES NOTATION DISCOUNT RATES AND T-BILL PRICES THE BOND EQUIVALENT YIELD (BEY) CASE A: TM < 182 DAYS THE MONEY MARKET YIELD CASE B: TM > 182 DAYS HOLDING PERIOD RETURN VALUE OF AN 01 CONCEPT OF CARRY CONCEPT OF A TAIL T-BILL RELATED FUNCTIONS IN EXCEL TBILLPRICE TBILLYIELD TBILLEQ DISC TREASURY AUCTIONS TYPES OF AUCTIONS RESULTS
