fixed income -凯发k8网页登录

a fixed-income instrument is a contract between a borrower and an issuer to exchange cash flows in a predetermined and periodic (fixed) time frame. cash flows at each period in time may be variable. traditional securities of fixed income include loans, notes, bills and bonds. non-traditional securities include interest rate derivatives, inflation derivatives, and credit derivatives.

modeling tools are often used for determining the price, yield, and cash flow for many types of fixed-income securities, including mortgage-backed securities, corporate bonds, treasury bonds, municipal bonds, certificates of deposit, and treasury bills.

common techniques for modeling and analyzing fixed-income instruments and markets include:

• fitting yield curves to market data using parametric fitting models and bootstrapping
• calculating the price, rates, and sensitivities for interest rate swaps
• pricing and valuing other derivatives, including credit default swaps, bond futures, and convertible bond.

for more information about modeling fixed income, see financial instruments toolbox™.