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Bond Markets: Structures and Yield Calculations
Bond Markets Structures and Yield Calculations Author:Patrick J. Ryan As cross-market bond trading has increased, it has become vital for international participants to understand the many different features that characterize the various international bond markets. Of particular interest to bond traders and investors are such factors as calculation of prices, accrued interest, yields, and durations. BOND MARKETS c... more »ompares and contrasts all major markets with particular attention to: -- how different instruments are normally quoted; -- how much accrued interest is payable by the buyer in addition to traded price; -- the cost of a bond if quoted on a yield basis; -- rules for adjusting coupon rates; -- how yields are quoted and caculated, and; -- much more« less