conditions. Our empirical analysis indicates that downside risk can explain a large proportion of the variation in yield spreads … and contains almost all valid information on liquidity risk. As the credit level decreases, the explanatory power of … Chinese bond market, downside risk proxy semi-variance can better explain yield spreads and predict portfolio excess returns …

-- Chapter 5 Bond valuation -- Chapter 6 Yield curves -- Chapter 7 Term structure models -- Chapter 8 Real estate market …, dividend ratio model, yield curve and term structure, all of which are concepts used to analyse pricing and other behaviour in …