1. BOND PORTFOLIO MANAGEMENT 2. BOND PORTOLIOS METHODS OF MANAGEMENT Passive rests on the belief that bond markets are semi-strong efficient current bond prices viewed as…

1. CHAPTER TWENTY-TWO BOND PORTFOLIO MANAGEMENT1 2. BOND PORTOLIOS• METHODS OF MANAGEMENT – Passive• rests on the belief that bond markets are semi-strongefficient•…

Slide 1Bond pricing theorems Slide 2 Bond convexity The mathematical relationship between bond yields and prices Slide 3 Duration A measure of the average maturity of the…

1. CHAPTER TWENTY-TWO BOND PORTFOLIO MANAGEMENT 1 2. BOND PORTOLIOS • METHODS OF MANAGEMENT – Passive • restson the belief that bond markets are semi-strong efficient…

Slide 1 Slide 2 INVESTMENT MANAGEMENT PROCESS Setting investment objectives Establishing investment policy Selecting a portfolio strategy Selecting assets Managing and evaluating…