Interest rate risk modeling offers a detailed introduction to the various modeling techniques used by today's fixed income professionals. It examines the latest innovations in the area of interest rate risk management and provides a detailed look at the most widely used models in this field, including duration, convexity, M-absolute, M-squre, duration vector, key rate durations, principal component duration, and others. The five interest rate risk models covered in this book are the duration and convexity models in chapter 2, M-absolute/M-square models in chapter 4, duration vector model in chapter 5, key rate duration model in chapter 9. Pricipal component duration model is organised in the chapter 10. Applications using some of these models are given for regular bonds in chapter2,4,5,9 and 10. Treasury futures and Eurodollar futures in chapter 6: bon options and called bonds in chapter 7. The chapter 8 offers the swaptions. For the mortgage securities and default-prone corporate bonds are presented in the chapter 10 -11