Fixed Income Securities: Tools for Today′s Markets (Frontiers in Finance Series) - Softcover

Tuckman, Bruce

Softcover

ISBN 10: 0471160490 ISBN 13: 9780471160496

Publisher: John Wiley & Sons, 1996

Synopsis

Fixed income securities respond to interest rates quite differently than the traditional similar securities, making them an increasingly risky investment. This text identifies and describes these types of securities and uses modern approaches to fixed income application and risk control. Coverage includes: traditional fixed income; securities and fixed cash flows; measure of interest rate sensitivity; forward contracts; floating rate bonds; interest rate swaps; embedded options in corporate bonds; mortgage backed securities; and taxation and fixed income markets.

About this title

From the Back Cover

A practical guide to today's new wave of fixed income tools and productsIn the most accessible guide written on the subject, Bruce Tuckman schools readers in an array of cutting-edge techniques for mastering today's challenging fixed income markets. Using easy-to-follow charts and tables that simplify even the most complex subject matter, Tuckman clearly describes the new generation of models for pricing and hedging and applies them to a wide range of fixed income securities--futures, swaps, mortgage strips, and more."A wonderful mix of academic theory and institutional practice. This is essential reading for any thinking person with an eye towards a successful career in the fixed income financial markets." -- Mark Grinblatt, Assoc. Professor of Finance Anderson Graduate School of Management, UCLA Member, Board of Directors, Salomon Swapco, Inc."Tuckman combines intuition with precision in this first rate presentation of fixed income securities." -- William Silber, Professor, Leonard N. Stern School of Business New York University"This book not only presents a firm theoretical basis for understanding and valuing bonds, it also presents a framework that is rich enough to capture the institutional details that make debt markets so fascinating. This book should be read by both practitioners and academics with an interest in debt instruments." -- Martin J. Gruber, Nomura Professor of Finance Leonard N. Stern School of Business New York University

Edition details

• Publisher: John Wiley & Sons
• Publication date: 1996
• Language: English
• ISBN 10: 0471160490
• ISBN 13: 9780471160496
• Binding: Paperback
• Number of pages: 288