A Simple Multi-Factor Model of Corporate Bond Prices

2001 ◽  
Author(s):  
Clemens Mueller
Keyword(s):  
Factor Model ◽  
Corporate Bond ◽  
Bond Prices

Corporate Bond Markets

2019 ◽  
pp. 113-130
Author(s):  
Kelly E. Carter
Keyword(s):  
Interest Rates ◽  
Credit Ratings ◽  
Corporate Bonds ◽  
Corporate Bond ◽  
Bond Markets ◽  
Bond Prices ◽  
Wall Street ◽  
Yield Curves ◽  
Bond Portfolios ◽  
The Impact

This chapter covers the fundamentals of corporate bond markets. It begins by highlighting the size and importance of these markets, followed by a discussion of the major types of corporate bonds and the process of issuing bonds. Next, the chapter provides a discussion of important relationships between a bond’s price and market interest rates, including the key observation that bond prices move opposite market interest rates. The next topic focuses on duration and convexity, which are techniques to estimate the dollar and percent changes in bond prices for a given change in market interest rates, followed by a discussion of bond immunization, which is a technique used to protect the value of bond portfolios from adverse changes in market interest rates. The final topics covered concern yield curves, credit ratings, and the impact of the Dodd-Frank Wall Street Reform Act of 2010 on corporate bond markets.

Factors Affecting Seasoned Corporate Bond Prices

1981 ◽  
Vol 16 (2) ◽  
pp. 207 ◽  
Author(s):  
Calvin M. Boardman ◽  
Richard W. McEnally
Keyword(s):  
Corporate Bond ◽  
Bond Prices ◽  
Factors Affecting

A One-Factor Model of Corporate Bond Premia

2020 ◽  
Author(s):  
Redouane Elkamhi ◽  
Chanik Jo ◽  
Yoshio Nozawa
Keyword(s):  
Factor Model ◽  
Corporate Bond
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