Award Date

1-1-2005

Degree Type

Thesis

Degree Name

Master of Arts (MA)

Department

Economics

First Committee Member

Stephen M. Miller

Number of Pages

70

Abstract

International bonds as an asset class constitute the single largest component of the total investable capital market portfolio valued at over {dollar}15.1 trillion U.S. dollars in 1999. Investing in international bonds provides certain benefits as compared to investing solely in U.S. bonds. This thesis demonstrates how international bonds interact with U.S. bonds and how their inclusion affects the risk/return characteristics of diversified fixed-income portfolio. As such, I will examine the returns, volatility, currency movements, correlation, and portfolio effects between the United States and international bond markets during the period 1985 to 1999.

Keywords

Fixed; Income; International; Investing

Controlled Subject

Finance

File Format

pdf

File Size

1536 KB

Degree Grantor

University of Nevada, Las Vegas

Language

English

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