Fixed income analysis / James F. Adams (PhD, CFA), Donald J. Smith (PhD).

Includes index.

Intro; FIXED INCOME ANALYSIS; Contents; Preface; Acknowledgments; About the CFA Institute Series; PART I Fixed Income Essentials; CHAPTER 1 Fixed-Income Securities: Defining Elements; Learning Outcomes; 1. Introduction; 2. Overview of a Fixed-Income Security; 2.1. Basic Features of a Bond; 2.2. Yield Measures; 3. Legal, Regulatory, and Tax Considerations; 3.1. Bond Indenture; 3.2. Legal and Regulatory Considerations; 3.3. Tax Considerations; 4. Structure of a Bond's Cash Flows; 4.1. Principal Repayment Structures; 4.2. Coupon Payment Structures; 5. Bonds with Contingency Provisions

5.1. Callable Bonds5.2. Putable Bonds; 5.3. Convertible Bonds; 6. Summary; Practice Problems; CHAPTER 2 Fixed-Income Markets: Issuance, Trading, and Funding; Learning Outcomes; 1. Introduction; 2. Overview of Global Fixed-Income Markets; 2.1. Classification of Fixed-Income Markets; 2.2. Fixed-Income Indexes; 2.3. Investors in Fixed-Income Securities; 3. Primary and Secondary Bond Markets; 3.1. Primary Bond Markets; 3.2. Secondary Bond Markets; 4. Sovereign Bonds; 4.1. Characteristics of Sovereign Bonds; 4.2. Credit Quality of Sovereign Bonds; 4.3. Types of Sovereign Bonds

5. Non-Sovereign Government, Quasi-Government, and Supranational Bonds5.1. Non-Sovereign Bonds; 5.2. Quasi-Government Bonds; 5.3. Supranational Bonds; 6. Corporate Debt; 6.1. Bank Loans and Syndicated Loans; 6.2. Commercial Paper; 6.3. Corporate Notes and Bonds; 7. Structured Financial Instruments; 7.1. Capital Protected Instruments; 7.2. Yield Enhancement Instruments; 7.3. Participation Instruments; 7.4. Leveraged Instruments; 8. Short-Term Funding Alternatives Available to Banks; 8.1. Retail Deposits; 8.2. Short-Term Wholesale Funds; 8.3. Repurchase and Reverse Repurchase Agreements

9. SummaryPractice Problems; CHAPTER 3 Introduction to Fixed-Income Valuation; Learning Outcomes; 1. Introduction; 2. Bond Prices and the Time Value of Money; 2.1. Bond Pricing with a Market Discount Rate; 2.2. Yield-to-Maturity; 2.3. Relationships between the Bond Price and Bond Characteristics; 2.4. Pricing Bonds with Spot Rates; 3. Prices and Yields: Conventions for Quotes and Calculations; 3.1. Flat Price, Accrued Interest, and the Full Price; 3.2. Matrix Pricing; 3.3. Annual Yields for Varying Compounding Periods in the Year; 3.4. Yield Measures for Fixed-Rate Bonds

3.5. Yield Measures for Floating-Rate Notes3.6. Yield Measures for Money Market Instruments; 4. The Maturity Structure of Interest Rates; 5. Yield Spreads; 5.1. Yield Spreads over Benchmark Rates; 5.2. Yield Spreads over the Benchmark Yield Curve; 6. Summary; Practice Problems; CHAPTER 4 Introduction to Asset-Backed Securities; Learning Outcomes; 1. Introduction; 2. Benefits of Securitization for Economies and Financial Markets; 3. How Securitization Works; 3.1. An Example of a Securitization; 3.2. Parties to a Securitization and Their Roles; 3.3. Structure of a Securitization

"We are pleased to bring you Fixed Income Analysis, which provides authoritative and up-to-date coverage of how investment professionals analyze and manage fixed-income portfolios. As with many of the other titles in the CFA Institute Investment Series, the content for this book is drawn from the official CFA Program curriculum. As such, readers can rely on the content of this book to be current, globally relevant, and practical. The content was developed in partnership by a team of distinguished academics and practitioners, chosen for their acknowledged expertise in the field, and guided by CFA Institute. It is written specifically with the investment practitioner in mind and provides numerous examples and practice problems that reinforce the learning outcomes and demonstrate real-world applicability"-- Provided by publisher

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