This comprehensive text makes accessible the most important methodological advances in bond evaluation of the past 20 years. With uncommon precision and a strong emphasis on the underlying economic fundamentals, de La Grandville presents a unified framework for understanding the basic tools of bond evaluation, including duration, convexity, immunization, and interest rate derivatives. 47 illustrations.–Roger Ibbotson, Yale School of Management” The book can be described as a ‘dream’ toolbox for any bond portfolio analyst.” –Milad Zarin, University of Neuchâ tel” Bonds are mathematical securities, and Olivier de La Grandville gives us the economics, the theory, the math, the intuition, and the numerical examples in this wonderfully thorough book.” –Roger Ibbotson, Yale School of Management& quot; The book can be described as a ‘dream’ toolbox for any bond portfolio analyst.& quot; –Milad Zarin, University of Neuch& acirc; tel& quot; Bonds are mathematical securities, and Olivier de La Grandville gives us the economics, the theory, the math, the intuition, and the numerical examples in this wonderfully thorough book.& quot; –Roger Ibbotson, Yale School of ManagementThe book can be described as a ‘dream’ toolbox for any bond portfolio analyst. –Milad Zarin, University of NeuchatelBonds are mathematical securities, and Olivier de La Grandville gives us the economics, the theory, the math, the intuition, and the numerical examples in this wonderfully thorough book. –Roger Ibbotson, Yale School of ManagementThis text makes accessible the most important methodological advances in bond evaluation from the past twenty years. With uncommon precision and a strong emphasis on the underlying economic fundamentals, Olivier de La Grandville presents a unified framework for understanding the basic tools of bond evaluation, including duration, convexity, and immunization. Among the book’s most valuable contributions is a general immunization theo@P.¸Që… ¾Û€