Inside the Yield Book: The Classic That Created the Science of Bond Analysis (Bloomberg Financial)
Sidney Homer Martin L Leibowitz
Language: English
Published by Bloomberg Press, 2004
- Hardcover
- Used
Seller: World of Books Inc, Montgomery, IL, U.S.A.World of Books Inc
AbeBooks seller since March 23, 2026
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First published in 1972, and then updated in 2004, Inside the Yield Book is the widely-read classic volume that led to the modern science of bond analytics. With the global nature of today's investment management process and the increasing complexity of financial instruments, we may seem far removed from the bond markets that authors Martin Leibowitz and Sidney Homer first wrote about over forty years ago, but the ability of this new Third Edition to explain complex relationships in the debt markets in a logical and often intuitive way remains unchanged. Divided into three comprehensive parts, this new edition is filled with what many would consider some of the best information regarding bonds you'll ever find. It contains the complete original edition of Leibowitz and Homer's classic, which basically created the science of bond analysis through clear explanations of bond portfolio management and the math behind bond yields and prices. It also includes the 2004 updates to the classic, which developed a horizon-based approach to present-value and showed how these concepts could be generalized beyond bonds to become useful in the analysis of virtually any investment opportunity, including equities. While the earlier editions of this reliable guide focused on a single bond that was continuously held either to maturity or to some specified horizon, many bond investments take the form of portfolios composed of multiple bond holdings and a continually changing bond composition. A completely new part of this Third Edition contains material coauthored by Martin Leibowitz, Anthony Bova, and Stanley Kogelman that reflects this reality. It provides valuable insights into the often-surprising return behavior exhibited by Duration Targeting (DT) portfolios--the most common form of bond management--over multi-year horizons. Engaging and informative, this new part addresses some practical concerns in this arena as it: develops a trendline-based zero coupon bond model of Duration Targeting; explores the relationship between yield volatility and return volatility; moves beyond theory and simulated returns to the recorded returns of actual Duration Targeted portfolios; analyzes the so-called laddered portfolios that commonly are used by individual investors; and much more. Whether you're an institutional or individual investor, trader, or analyst, if you're looking to enhance your bond analysis skills, this authoritative work covers essential concepts and contains illustrative examples that will allow you to excel in today's challenging bond markets. …
Seller Inventory # CIN1576601595G
- Title
- Inside the Yield Book: The Classic That Created the Science of Bond Analysis (Bloomberg Financial)
- Author
- Sidney Homer Martin L Leibowitz
- Publisher
- Bloomberg Press
- Publication year
- 2004
- Condition
- Good
- Binding
- Hardback
- Language
- English
- ISBN 10
- 1576601595
- ISBN 13
- 9781576601594
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World of Books Inc
Montgomery, IL, U.S.A.
AbeBooks seller since March 23, 2026
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