chapter 7 ppt - CHAPTER 7 Bond Markets 1 CHAPTER 7 OVERVIEW...

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1 CHAPTER 7 Bond Markets
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2 CHAPTER 7 OVERVIEW This chapter will: A. Provide a background on bonds B. Explain how bond markets are used by institutional investors C. Explain how bond markets become globally integrated
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3 A. Background on Bonds 1. Bond Yields: Two Components a. A set of coupon (interest) payments b. The difference between the par value and versus the price when bond was sold.
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4 A. Background on Bonds 2. Treasury and Federal Agency Bonds 3. Trading Treasury Bonds 4. Treasury Bond Quotations
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5 A. Background on Bonds 5. Stripped Treasury Bonds 6. Inflation-Indexed Treasury Bonds 7. Savings Bonds 8. Federal Agency Bonds
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6 A. Background on Bonds 9. MUNICIPAL BONDS a. Municipal Bonds Credit Risk b. Characteristics of Municipal Bonds 1. ) Variable-Rate Municipal Bonds 2.) Tax Advantages c. Trading and Quotations d. Yields offered on Municipal Bonds 1. ) Yield Curve on Municipal Bonds
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7 A. Background on Bonds 10. Corporate Bonds a. Corporate Bond Yields and Risk 1. ) Yield Curve 2.) Default Rate 3.) Investor Assessment of Risk 4.) Bond Ratings b. Private Placements of Corporate Bonds
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This note was uploaded on 09/21/2011 for the course FINANCE 3321 taught by Professor Jianjundu during the Fall '11 term at University of Houston-Victoria.

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chapter 7 ppt - CHAPTER 7 Bond Markets 1 CHAPTER 7 OVERVIEW...

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