Most investors know that bond prices move inversely with interest rate fluctuations. These same investors, however, may not fully understand how to assess the interest rate risk of different fixed income investments. This is particularly timely given the improving U.S. economy and Federal...

The Financial Accounting Standards Board (FASB) issued a new standard, Statement of Financial Accounting Standards (SFAS) No. 158, Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans, on September 29, 2006, which is an amendment of FASB Statements No. 87, 88,...

This paper is designed to assist individuals and organizations in understanding the role and risks of derivatives in two specific areas -- debt management and investing. The various risks associated with derivatives are discussed in this article. Similar to collateralized debt obligations (CDOs)...