Fixed Income Analysis (CFA Institute Investment Series) - Hardcover

Petitt, Barbara S.; Pinto, Jerald E.; Pirie, Wendy L.

Hardcover

ISBN 10: 1118999495 ISBN 13: 9781118999493

Publisher: John Wiley & Sons, 2015

Synopsis

The essential guide to fixed income portfolio management, from the experts at CFA

Fixed Income Analysis is a new edition of Frank Fabozzi's Fixed Income Analysis, Second Edition that provides authoritative and up-to-date coverage of how investment professionals analyze and manage fixed income portfolios. With detailed information from CFA Institute, this guide contains comprehensive, example-driven presentations of all essential topics in the field to provide value for self-study, general reference, and classroom use. Readers are first introduced to the fundamental concepts of fixed income before continuing on to analysis of risk, asset-backed securities, term structure analysis, and a general framework for valuation that assumes no prior relevant background. The final section of the book consists of three readings that build the knowledge and skills needed to effectively manage fixed income portfolios, giving readers a real-world understanding of how the concepts discussed are practically applied in client-based scenarios.

Part of the CFA Institute Investment series, this book provides a thorough exploration of fixed income analysis, clearly presented by experts in the field. Readers gain critical knowledge of underlying concepts, and gain the skills they need to translate theory into practice.

• Understand fixed income securities, markets, and valuation
• Master risk analysis and general valuation of fixed income securities
• Learn how fixed income securities are backed by pools of assets
• Explore the relationships between bond yields of different maturities

Investment analysts, portfolio managers, individual and institutional investors and their advisors, and anyone with an interest in fixed income markets will appreciate this access to the best in professional quality information. For a deeper understanding of fixed income portfolio management practices, Fixed Income Analysis is a complete, essential resource.

About this title

About the Author

BARBARA S. PETITT, PHD, CFA, is Director, Curriculum Projects, EMEA, in the Education Division at CFA Institute. She holds a master's in management from EDHEC Business School as well as a master's in research and a PhD in finance from the University of Grenoble. She is a member of CFA Institute and CFA Society of the UK.

JERALD E. PINTO, PHD, CFA, has been at CFA Institute since 2002 as Visiting Scholar, Vice President, and now Director, Curriculum Projects, in the Education Division for the CFA and CIPM programs. He holds an MBA from Baruch College and a PhD in finance from the Stern School and is a member of CFA Virginia.

WENDY L. PIRIE, PHD, CFA, is Director, Curriculum Projects, in the Education Division at CFA Institute. She holds a PhD in accounting and finance from Queen's University at Kingston, Ontario, and MBAs from the Universities of Toronto and Calgary. She is a member of CFA Institute, New York Society of Security Analysts, and CFA Society of Chicago.

From the Back Cover

CFA INSTITUTE INVESTMENT SERIES

CFA Institute's essential guide to fixed-income portfolio management, revised and updated

Now in its third edition, Fixed Income Analysis offers authoritative and up-to-date coverage of how successful investment professionals analyze and manage fixed-income portfolios.

With contributions from a team of financial experts, the text is filled with detailed information from CFA Institute and contains a comprehensive review of the essential topics in the field. Fixed Income Analysis introduces the fundamental concepts of fixed income and provides a thorough analysis of risk, asset-backed securities, and term structure analysis. The book contains a general framework for valuation that is designed to be accessible to both professionals and those new to the field. The authors also include examples that help build the knowledge and skills needed to effectively manage fixed-income portfolios. Fixed Income Analysis gives a real-world understanding of how the concepts discussed are practically applied in client-based scenarios.

Investment analysts, portfolio managers, individual and institutional investors and their advisors, and anyone with an interest in fixed-income markets will appreciate this accessible guide to fixed-income analysis.

From the Inside Flap

The third edition of Fixed Income Analysis—edited by financial experts Barbara S. Petitt, Jerald E. Pinto, Wendy L. Pirie, and a team of knowledgeable contributors from CFA Institute—offers a comprehensive and authoritative resource that includes practical information on the most important issues related to fixed-income analysis.

Fixed Income Analysis has been thoroughly revised and updated to cover a wide range of topics including the fixed-income marketplace, the risks associated with investing in fixed-income securities, and the fundamentals of valuation and interest rate risk. This important resource also examines the valuation of fixed-income securities with embedded options, the features of structured products, and the principles of credit analysis. In addition, Fixed Income Analysis, Third Edition clearly demonstrates how to build the skills needed to managefixed-income portfolios in line with an individual investor's objectives.

Drawing on the resources of the acclaimed CFA Institute, Fixed Income Analysis explains all types of fixed-income securities and defines their main characteristics. Appropriate for both experienced professionals and those new to the field, the text introduces fixed-income valuation in a highly accessible manner. The authors also cover modern techniques of analyzing interest rate risk and explain modern professional practice in evaluating credit risk as well as quantitative methods of credit risk analysis.

The contributors include material on fixed-income securities backed by pools of assets, and the book's arbitrage-free valuation framework explains and illustrates a general structure for valuing fixed-income securities. The information on bonds with embedded options covers the more complex case in which securities include options that the issuer or investor may exercise. The third edition covers a wide range of critical topics necessary for fully understanding fixed-income securities.

This vital guide contains a wealth of example-driven presentations of all the essential topics in order to provide value for self-study, general reference, and classroom use.

Edition details

• Publisher: John Wiley & Sons
• Publication date: 2015
• Language: English
• ISBN 10: 1118999495
• ISBN 13: 9781118999493
• Binding: Hardcover
• Edition number: 3
• Number of pages: 752