www.rtsgroup.net. www.mexder.com. RTS Realtime Systems & MexDer present: “Accessing MexDer Today- What is on the Horizon” Thursday, October 1 st. Introduction. Jorge Alegria, CEO, MexDer John Dempsey, VP Business Development, RTS.

ByDuration. Duration is an empirical method of measuring the true life of a bond portfolio Comes into play in determining how to manage a bond portfolio. Six Propositions Regarding Interest Rate Sensitivity. Bond prices and yields are inversely related

Byfinan. Chapter 3: Valuing Firm Output and Pricing Securities How do you assign values to investments and opportunities and how do you compare them? . Valuation Issues 3- 2. Identifying the stream of future benefits

ByMortgage-Backed and Asset-Backed Securities: High Credit Quality and Cash Flow Stability. Jim Womack, CFA Managing Director & Principal March 2011. Mortgage-Backed & Asset-Backed Securities Introduction: High Credit Quality and Cash Flow Stability.

ByFIN 30220: Macroeconomic Analysis. Using Economic Data. “There are three kinds of lies; Lies, Damn Lies, and Statistics” - Mark Twain. Principle #1: What are you trying to measure? How is your statistic defined ? Is your statistic consistent with what you are trying to measure?.

ByMeasuring Interest Rate Risk. Objectives: Consider the relationship between the yields of different maturity zero coupon bonds: the Expectations Hypothesis. Understand the interest rate risk of zero coupon bonds and the risk-adjusted Expectations Hypothesis.

ByMeasuring Interest Rate Risk. Objectives: Consider the relationship between the yields of different maturity zero coupon bonds: the Expectations Hypothesis. Understand the interest rate risk of zero coupon bonds and the risk-adjusted Expectations Hypothesis.

ByTERM STRUCTURE OF INTEREST RATES (also called YIELD CURVE). A PLOT OF YIELD TO MATURITY VS. MATURITY. EXPECTATIONS THEORY OF TERM STRUCTURE. Y n = the nominal bond yield for a bond covering n years r n = the expected "forward" yield for a one year bond covering the one year period n .

ByManaging Bond Portfolios Active Management Strategies. Managing Fixed Income Securities: Basic Strategies. Active strategy Trade on interest rate predictions Trade on market inefficiencies Passive strategy Control risk Balance risk and return. Yield Curve Changes.

ByChapter 6. The Risk Structure and Term Structure of Interest Rates. Risk Structure of Interest Rates. Bonds with the same maturity have different interest rates due to: Default risk Liquidity Tax considerations. Risk Structure of Interest Rates.

ByPop Quiz 2. Questions. 1.a)Provide a definition of YTM. 1.b)What is the YTM of 5-year gov’t zero coupon bond selling at 82-21?

ByFinancial Institutions and Markets. Dr. Andrew L. H. Parkes Day 3 “How do financial markets work?”. 卜安吉. Chapter 3: Bond Calculations. Bond Yields Current Yield, p. 51-2 Yield on a Discount Basis, p. 52-58 Asked Yield Covered in class. Money. Bond Yield Calculations.

By14. Long-Term Liabilities: Bonds and Notes. Principles of Financial Accounting, 11e Reeve • Warren • Duchac. 2. Describe the characteristics and terminology of bonds payable. 14-12. 2. Bond Characteristics and Terminology.

ByYIELD SPREADS. Y n = Y r + I + P where Y n is the nominal yield, Y r is the real yield - yield on U.S. Treasury inflation-indexed bonds (see WSJ), I is the expected inflation rate over the life of the bond - regular Treasury yield minus inflation-indexed yield,

ByWhat are they? Types and issuers Junk Convertibles Callables Asset-backed Credit ratings. Calculations YTM Price Current yield Tax impacts Relationships Price Term Type. Chapter 7 – Bond Concepts. Types of Bonds. Bond – a long-term promissory note

ByBonds and Risk. Liquidity Risk Default Risk Bond rating agencies Investment grade v. junk bonds Covenants and other indentures Interest Rate Risk. Relationship Between Bond Pricing and Yield. If you can only remember one thing, remember this:

ByFIN 30220: Macroeconomic Analysis. Capital Markets. Recall that production is a function of labor, capital and technology. Capital Markets determine investment, which affects the evolution of the capital stock over time. Annual Depreciation Rate. Purchases of New Capital.

ByFINC4101 Investment Analysis. Instructor: Dr. Leng Ling Topic: Term Structure Analysis. Learning objectives. Define term structure of interest rates and yield curve. Explain the purpose of theories of the term structure Describe the expectations theory and discuss its implications.

By12. Long-Term Liabilities: Bonds and Notes. Student Version. 1. Compute the potential impact of long-term borrowing on earnings per share. 12-2. 1. Bond.

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