Investments, tenth edition

The Term Structure of Interest Rates  487

 15.1  The  Yield  Curve 

487

Bond Pricing

 15.2  The Yield Curve and Future Interest Rates  490

The Yield Curve under Certainty / Holding-Period 

Returns / Forward Rates

 15.3  Interest Rate Uncertainty and Forward Rates  495

 15.4  Theories of the Term Structure  497

The Expectations Hypothesis / Liquidity Preference

 15.5  Interpreting the Term Structure  501

 15.6  Forward Rates as Forward Contracts  504

End of Chapter Material  506–514

CHAPTER 16

Managing Bond Portfolios  515

 16.1  Interest Rate Risk  516

Interest Rate Sensitivity / Duration / What Determines 

Duration?

Rule 1 for Duration / Rule 2 for Duration / Rule 3 

for Duration / Rule 4 for Duration / Rule 5 for 

Duration