| Preface | p. xxiii |
| Acknowledgments | p. xxv |
| Contributors | p. xxvii |
| Background | |
| Overview of the Types and Features of Fixed Income Securities | p. 3 |
| Risks Associated with Investing in Fixed Income Securities | p. 21 |
| A Review of the Time Value of Money | p. 31 |
| Bond Pricing and Return Measures | p. 51 |
| Measuring Interest Rate Risk | p. 85 |
| The Structure of Interest Rates | p. 131 |
| Bond Market Indexes | p. 155 |
| Government and Private Debt Obligations | |
| U.S. Treasury and Agency Securities | p. 175 |
| Municipal Bonds | p. 197 |
| Private Money Market Instruments | p. 231 |
| Corporate Bonds | p. 253 |
| Medium-Term Notes | p. 283 |
| Inflation-Indexed Bonds (TIPS) | p. 301 |
| Floating-Rate Securities | p. 325 |
| Nonconvertible Preferred Stock | p. 337 |
| International Bond Markets and Instruments | p. 361 |
| Brady Bonds | p. 379 |
| Stable Value Investments | p. 399 |
| Credit Analysis | |
| Credit Analysis for Corporate Bonds | p. 417 |
| Credit Considerations in Evaluating High-Yield Bonds | p. 459 |
| Investing in Chapter 11 and Other Distressed Companies | p. 469 |
| Guidelines in the Credit Analysis of General Obligation and Revenue Municipal Bonds | p. 491 |
| High-Yield Analysis of Emerging Markets Debt | p. 519 |
| Mortgage-Backed and Asset-Backed Securities | |
| Mortgages and Overview of Mortgage-Backed Securities | p. 549 |
| Mortgage Pass-Throughs | p. 573 |
| Collateralized Mortgage Obligations | p. 619 |
| Nonagency CMOS | p. 649 |
| Commercial Mortgage-Backed Securities | p. 663 |
| Securities Backed by Automobile Loans | p. 679 |
| Securities Backed by Closed-End Home Equity Loans | p. 703 |
| Securities Backed by Manufactured Housing Loans | p. 721 |
| Securities Backed by Credit Card Receivables | p. 739 |
| Fixed Income Analytics and Modeling | |
| Characteristics of and Strategies with Callable Securities | p. 759 |
| Valuation of Bonds with Embedded Options | p. 773 |
| Valuation of CMOs | p. 795 |
| Fixed Income Risk Modeling | p. 819 |
| OAS and Effective Duration | p. 831 |
| Evaluating Amortizing ABS: A Primer on Static Spread | p. 847 |
| Portfolio Management | |
| Bond Management: Past, Current, and Future | p. 855 |
| The Active Decisions in the Selection of Passive Management and Performance Bogeys | p. 863 |
| Managing Indexed and Enhanced Indexed Bond Portfolios | p. 887 |
| Global Corporate Bond Portfolio Management | p. 913 |
| Management of a High-Yield Bond Portfolio | p. 945 |
| Bond Immunization: An Asset/Liability Optimization Strategy | p. 957 |
| Dedicated Bond Portfolios | p. 969 |
| Managing Market Risk Proactively at Long-Term Investment Funds | p. 985 |
| Improving Insurance Company Portfolio Returns | p. 1011 |
| International Bond Investing and Portfolio Management | p. 1027 |
| International Fixed Income Investing: Theory and Practice | p. 1061 |
| Equity-Linked Securities and Their Valuation | |
| Convertible Securities and Their Investment Characteristics | p. 1103 |
| Convertible Securities and Their Valuation | p. 1127 |
| Derivative Instruments and Their Portfolio Management Applications | |
| Introduction to Interest-Rate Futures and Options Contracts | p. 1175 |
| Pricing Futures and Portfolio Applications | p. 1197 |
| Treasury Bond Futures Mechanics and Basis Valuation | p. 1209 |
| The Basics of Interest-Rate Options | p. 1233 |
| Controlling Interest Rate Risk with Futures and Options | p. 1259 |
| Interest-Rate Swaps | p. 1297 |
| Interest-Rate Caps and Floors and Compound Options | p. 1317 |
| Index | p. 1337 |
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