Investments, tenth edition

 16.2  Convexity 

525

Why Do Investors Like Convexity? / Duration and 

Convexity of Callable Bonds / Duration and Convexity of 

Mortgage-Backed Securities

 16.3  Passive Bond Management  533

Bond-Index Funds / Immunization / Cash Flow Matching 

and Dedication / Other Problems with Conventional 

Immunization

 16.4  Active Bond Management  543

Sources of Potential Profit / Horizon Analysis

End of Chapter Material  545–556

PART V

Security Analysis  557

CHAPTER 17

Macroeconomic and Industry 

Analysis 557

 17.1  The Global Economy  558

 17.2  The Domestic Macroeconomy  560

 17.3  Demand and Supply Shocks  562

 17.4  Federal Government Policy  563

Fiscal Policy / Monetary Policy / Supply-Side Policies