SECTION I: AN INTRODUCTION TO CORPORATE BONDS.
Features of Corporate Bonds.
Medium-Term Notes and Structured Notes.
Analysis of Convertible Bonds.
SECTION II: CORPORATE BOND VALUATION AND PRICE DYNAMICS.
General Principles of Corporate Bond Valuation and Yield Measures.
Measuring Interest Rate Risk.
Yield Volatility, Spead Volatility, and Corporate Yield Ratios.
Liquidity, Trading, and Trading Costs.
Corporate Spread Curve Strategies.
Business Cycles, Profit Cycles, and Corporate Bond Strategies.
SECTION III: CORPORATE CREDIT RISK.
Introduction to Corporate Bond Credit Analysis.
A Rating Transition Framework for Corporate Bond Strategy.
Valuation of Subordinated Structures.
SECTION IV: REDEMPTION ANALYSIS.
Early Redemption Features.
Valuing Corporate Bonds with Embedded Options and Structured Notes.
Credit Risk and Embedded Options.
Putable Bonds and Their Role in Corporate Bond Portfolios.