Investing in Fixed Income Securities: Understanding the Bond Market: 225 (Wiley Finance) - Hardcover

Strumeyer, Gary

Hardcover

ISBN 10: 0471465127 ISBN 13: 9780471465126

Publisher: Wiley, 2005

Synopsis

Investors who've primarily purchased equity securities in the past have been looking for more secure investment alternatives; namely, fixed income securities. This book demystifies the sometimes daunting fixed income market, through a user-friendly, sophisticated, yet not overly mathematical format. Investing in Fixed Income Securities covers a wide range of topics, including the different types of fixed income securities, their characteristics, the strategies necessary to manage a diversified portfolio, bond pricing concepts, and more, so you can make the most informed investment decisions possible.

About this title

About the Author

GARY STRUMEYER is the Managing Director of the Bond and Money Market Group at BNY Capital Markets, Inc., a registered broker-dealer subsidiary of The Bank of New York Company, Inc., and has been with the company for twenty years. He is a former adjunct professor of economics and finance at New York University’s School of Continuing and Professional Studies. Strumeyer is the author of Keys to Investing in Municipal Bonds, published by Barron’s in 1996. He recently served on the NASD’s Corporate Debt Market Panel. The panel’s purpose was to review and make recommendations to the NASD Board of Governors regarding how to best insure market integrity and investor protection in the corporate bond market.

From the Back Cover

In Investing in Fixed Income Securities, financial expert Gary Strumeyer distills nearly twenty years of investment experience in the fixed income marketplace to provide you with a comprehensive―yet not overly technical―overview of this investment arena. Through a user-friendly and sophisticated style, Strumeyer covers a wide range of topics, including basic terminology and concepts; the various types of debt instruments and their characteristics; the strategies necessary to manage a diversified portfolio, both domestic and non-U.S. securities; bond pricing concepts; and yield curves.

Filled with in-depth insight and practical advice, Investing in Fixed Income Securities will help you:

• Learn essential bond market concepts and terminology
• Understand key differences among virtually all debt instruments
• Structure and manage a diversified fixed income portfolio
• Assess risks associated with each category of bond investment
• Apply appropriate valuation methods to both noncallable securities and those containing embedded options
• Navigate the money market, maximizing the return on your short-term funds

The world of fixed income securities is diverse in many respects. In order to maximize the investment value of fixed income securities in your portfolio, it’s necessary to understand the characteristics of these types of investments. With Investing in Fixed Income Securities as your guide, you’ll gain a firm understanding of these instruments and learn how to make more prudent investment decisions that will enable you to achieve your financial objectives―without accepting unnecessary or inordinate risks in the process.

From the Inside Flap

In Investing in Fixed Income Securities, financial expert Gary Strumeyer distills nearly twenty years of investment experience in the fixed income marketplace to provide you with a comprehensive—yet not overly technical—overview of this investment arena. Through a user-friendly and sophisticated style, Strumeyer covers a wide range of topics, including basic terminology and concepts; the various types of debt instruments and their characteristics; the strategies necessary to manage a diversified portfolio, both domestic and non-U.S. securities; bond pricing concepts; and yield curves.

Filled with in-depth insight and practical advice, Investing in Fixed Income Securities will help you:

• Learn essential bond market concepts and terminology
• Understand key differences among virtually all debt instruments
• Structure and manage a diversified fixed income portfolio
• Assess risks associated with each category of bond investment
• Apply appropriate valuation methods to both noncallable securities and those containing embedded options
• Navigate the money market, maximizing the return on your short-term funds

The world of fixed income securities is diverse in many respects. In order to maximize the investment value of fixed income securities in your portfolio, it's necessary to understand the characteristics of these types of investments. With Investing in Fixed Income Securities as your guide, you'll gain a firm understanding of these instruments and learn how to make more prudent investment decisions that will enable you to achieve your financial objectives—without accepting unnecessary or inordinate risks in the process.

Edition details

• Publisher: Wiley
• Publication date: 2005
• Language: English
• ISBN 10: 0471465127
• ISBN 13: 9780471465126
• Binding: Hardcover
• Edition number: 1
• Number of pages: 528