This paper documents a significantly stronger relationship between the slope of the yield curve and future excess bond returns on Treasuries from 2008-2015 than before 2008. This new predictability result is not matched by the standard shadow rate model with Gaussian factor dynamics, but...

Grundlagen und Ursachen der Entstehung von Katastrophen-Risiko-Kontrakten -- Struktur von üblichen Finanzkontrakten zur Katastrophen-Risikoabsicherung und aktuelle Marktlage -- Determinierung des Analyserahmens und relevanter Einflussfaktoren -- Analyse der bestehenden Katastrophen-Kontrakte --...

This book analyses and discusses bonds and bond portfolios. Different yields and duration measures are investigated. The transition from a single bond to a bond portfolio leads to the equation for the internal rate of return. Its solution is analyzed and compared to different approaches proposed...