Bond Markets: Analysis and Strategies - Hardcover

Fabozzi, Frank J.; Fabozzi, T.Dessa

 
9780130799227: Bond Markets: Analysis and Strategies

Synopsis

For upper-level college courses in Economics or Finance that focus on bond markets.

This comprehensive textbook on bonds takes a practical real-world approach focusing on the bond market and the tools for managing bond portfolios. It includes a detailed discussion of each type of bond and interest rate derivative. The text features comprehensive discussion of not only the instruments, but their investment characteristics, the state-of-the art technology for valuing them, and portfolio strategies for using them.

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From the Back Cover

Bond Markets, Analysis, and Strategies, Fifth Edition, takes a practical real-world approach to bond investing and includes a detailed discussion of each type of bond and interest rate derivative instrument. The text features a comprehensive discussion of not only the investment instruments, but also their speculative characteristics, the state-of-the-art technology for valuing them, techniques for quantifying interest rate risk, and the portfolio strategies for using them. These strategies include active strategies and structured portfolio strategies.

In the fifth edition, there are three new chapters:
  • "Commercial Mortgage-Backed Securities"
  • "Collateralized Debt Obligations"
  • "Credit Derivatives"

There are major revisions to two chapters: "Treasury and Agency Securities Markets" and "Non-U.S. Bonds." In addition, there is expanded coverage of the factors considered by rating agencies in rating corporate bonds, asset classes securitized, tracking error and active portfolio strategies, and the valuation of interest rate swaps and caps/floors.

Synopsis

This textbook on bonds takes a real-world approach to the subject. It contains presentations of each type of bond and includes a range of products. Discussions include not only the instruments, but also their investment characteristics, the technology for valuing them, and portfolio strategies for using them.

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