The Theory and Practice of Investment Management: Asset Allocation, Valuation, Portfolio Construction, and Strategies, Second Edition

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CHAPTER 16

Bonds, Asset-Backed Securities, and Mortgage-Backed Securities

Frank J. Fabozzi, Ph.D., CFA, CPA Professor in the Practice of Finance Yale School of Management

In this chapter, the wide range of fixed-income securities is described. They include bonds issued by the U.S. government, federally agency securities, corporations, and municipalities, as well as bonds backed by a pool of loans or receivables: asset-backed securities, residential mortgage-backed securities, and commercial mortgage-backed securities. We begin with the general features of fixed-income securities.

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