Fixed-income securities: Investment and Innovation

Author: Xie Jianping
Publisher:
Publish Date: 2004-10-01
Features: In light of the changes in the financial environment and the advent of a low-interest-rate era, fixed-income securities with substantial trading volumes, including fixed-coupon government bonds and corporate bonds, have gradually gained popularity. The practical community has also initiated extensive research and development efforts on interest-rate-related products, and the trading volume in the bond market has continued to expand. The author incorporates the new reforms in Taiwan's fixed-income securities market system, supplemented by rich charts and illustrations, to provide readers with a deeper understanding and appreciation of market trends. Additionally, a dedicated chapter comprehensively explains the recent efforts by Taiwan to actively promote financial asset securitization, as well as the development status of securitization in multiple countries, including the United States, Japan, Australia, and others. Furthermore, innovative fixed-income securities are a key focus of this edition, providing detailed introductions to the design motivations, features, and evaluation methods of these products, guiding readers into the dynamic financial market and bridging the gap between theory and practice. The content of the book covers:
(1) Basic concepts of fixed-income securities;
(2) An in-depth introduction to currently active trading products in the market, with the United States as an example to illustrate the development, organization, and evolution of its securities market, providing references for the development of China's securities market;
(3) Techniques for managing bond investment portfolios;
(4) Discussion of asset securitization-related topics that have sparked widespread discussion in recent years;
(5) In-depth exploration of new financial products derived from general bonds;
(6) Thematic discussions on important issues such as interest rate forecasting and credit risk;
(7) Introductions to product innovation, etc.