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Interest Rates and Bond Valuation - Coggle Diagram
Interest Rates and Bond Valuation
8.1 Bonds and Bond Valuation
构成要素
Par value
Coupon rate
Coupon Payment
Maturity Date
YTM: Yield To Maturity
Bond Valuation
Bond-Pricing Equation
PV of coupon payments and par value
Interest Rates 负相关
公式要素： T C r F
Bond Price determinants
YTM: Yield to maturity(interest rate)
Coupon rate
Maturity
YTM<Coupon rate, premium YTM=Coupon rate, bar YTM>Coupon rate, discount
Interest Rate Risk
Price Risk
定义：因利率改变引起的价格变化
long-term/Low Coupon风险更高
Reinvestment Risk
8.2 Government and Corporate Bonds
8.3 Bond Markets
8.4 Inflation and Interest Rates
8.5 Determinants of Bond Yields