FIXED-INCOME INVESTMENT

Fixed-Income Investment brings you the recent research about fixed-income securities, including advances in investment technologies. Managers of investment portfolios and asset/liability managers will find these insights eminently useful in today's volatile investment climate. Fixed-Income Investment examines the latest risk valuation and anaysis techniques as well as new approaches to structured portfolio management. Topics covered include: stochastic models of prepayments along interest rate paths; decomposition of option-embedded securities into their "primitive" parts; bond dynamic hedging using a return attribution system; optimization techniques combined with stochastic horizon analysis; a consistent framework for evaluating corporate debt and equity; how pathwise immunization helps standardize the behavior of portfolios under different interest-rate scenarios.