Modern Financial Markets Series Fixed Income Securities Investment and Innovation

Author: Xie Jianping
Publisher:
Publish Date: 2004-01-01
Features: Given 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-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 insight into market trends. Additionally, a dedicated chapter comprehensively explains Taiwan's recent vigorous promotion of financial asset securitization and the current 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, offering 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 entire book covers:
(1) Basic concepts of fixed-income securities;
(2) An in-depth introduction to currently active trading products in the market, with the U.S. as an example to illustrate the development, organization, and evolution of its securities market, providing a reference for the development of China's securities market;
(3) Management techniques for bond investment portfolios;
(4) Discussion of asset securitization-related topics that have recently sparked widespread debate;
(5) An 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.