The analysis of bonds and bond portfolios is central to this book, exploring various yields and duration measures in both negative and positive interest rate environments. It transitions from single bonds to portfolios, detailing the internal rate of return and comparing industry approaches. The text addresses market and credit risk as distinct factors and provides insights into assessing credit markets. Additionally, it covers multi-currency portfolios, currency hedging, and offers a comprehensive overview of the benchmark industry, making it a valuable resource for students, researchers, and finance professionals.
