I feel that the use of rate expectations is the best methodology for determining the fair value for bonds. The list below shows my articles on this theme. (The list also includes discussions of the related topic of the term premium.)
Note: Posts may be moderated, and there may be a considerable delay before they appear.
Although I welcome people who disagree with me, please be civil.
Please note that my spam comment filter appears to dislike long "anonymous" posts.
Note: if you want to post comments from Apple devices (iPhone, iPad), you apparently need to turn off "prevent cross-site tracking" in Safari privacy settings. (The reason presumably is that another URL handles comments, and so the user session needs to be preserved when redirected to that site. I don't like this, but this is not enough to make me switch my hosting service.)
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Note: Posts may be moderated, and there may be a considerable delay before they appear.
Although I welcome people who disagree with me, please be civil.
Please note that my spam comment filter appears to dislike long "anonymous" posts.
Note: if you want to post comments from Apple devices (iPhone, iPad), you apparently need to turn off "prevent cross-site tracking" in Safari privacy settings. (The reason presumably is that another URL handles comments, and so the user session needs to be preserved when redirected to that site. I don't like this, but this is not enough to make me switch my hosting service.)