Swaps inflation-linked bond

What is worthy then of a further investment of cash to purchase this second edition Hopefully the new chapters on asset swap spread relative value, convertible bonds, callable/putable bonds and floating-rate notes will be sufficient justification additionally we have updated the previous chapters on inflation-linked bonds and risky corporate bonds valuation. We have also included Excel spreadsheets that enable the reader to apply the analysis described in the chapters right away to bonds that he or she selects. 

Inflation-Linked Bond Swap, This is also known as a synthetic index-linked bond. It is a swap with the following two cash flow legs ... 

The net cash flow leaves the pension fund receiving a stream of cash flow that are linked to inflation. The fund is therefore hedged against its liabilities. In addition, because the swap structure can be tailor-made to the pension fund s requirements, the dates of cash flows can be set up exactly as needed. This is an added advantage over investing in the IL bonds directly. 

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