This chapter examines fixed income products—including government bonds, corporate bonds, municipal bonds, mortgage-backed securities, and bond funds—and their associated risks. It explains credit ratings, the yield curve, and duration as key tools for analysis. The discussion of historical U.S. Treasury bull and bear markets links price movements to interest rate changes and Federal Reserve policy.

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Fixed Income

  • Shuai Chen

摘要

This chapter examines fixed income products—including government bonds, corporate bonds, municipal bonds, mortgage-backed securities, and bond funds—and their associated risks. It explains credit ratings, the yield curve, and duration as key tools for analysis. The discussion of historical U.S. Treasury bull and bear markets links price movements to interest rate changes and Federal Reserve policy.