Debt Markets and Analysis, + Website

Overview

Over the past two decades, the investment and managementof bonds and debt securities by financial and non-financialinstitutions have experienced significant developments. Managingfixed-income securities in this dynamic investment environmentrequires a solid understanding of debt markets as well as the usesfor an increasing number of securities, markets, strategies, andmethodologies. R. Stafford Joh nson is well versed in the variousaspects of this discipline, and now, with Debt Markets andAnalysis, he shares his ...

See more details below
Hardcover
$78.37
BN.com price
(Save 28%)$110.00 List Price
Other sellers (Hardcover)
  • All (15) from $60.66   
  • New (10) from $64.03   
  • Used (5) from $60.66   

Overview

Over the past two decades, the investment and managementof bonds and debt securities by financial and non-financialinstitutions have experienced significant developments. Managingfixed-income securities in this dynamic investment environmentrequires a solid understanding of debt markets as well as the usesfor an increasing number of securities, markets, strategies, andmethodologies. R. Stafford Joh nson is well versed in the variousaspects of this discipline, and now, with Debt Markets andAnalysis, he shares his extensive insights with you.

Written in a straightforward and accessible style, thispractical guide provides both practicing financial professionalsand students with an informative look at bonds and debt managementthat will take them from basic bond investment theories andfundamentals to a more in-depth understanding of their markets andstrategies. And given the widespread use of the Bloomberg system,this book also includes detailed coverage of how Bloomberginformation and analytical functions can be applied to thefixed-income and debt market topics addressed here.

Divided into three comprehensive parts, Debt Markets andAnalysis opens with an overview of the current investmentenvironment and previews the Bloomberg system. Part One alsoexamines bonds in terms of their characteristics, from value, rateof return, and types of risk to the investment managementstrategies associated with them. Part Two moves on to delineate thedifferent debt securities and their markets in terms of the rules,participants, and forces that govern them, as well as investmentstrategies related to specific securities. Here, you'll becomefamiliar with the types of, and markets for, governmentsecurities—Treasury, federal agencies, municipals, andsovereigns—learn about intermediary securities and investmentfunds, and discover more about mortgage-backed and asset-backedsecurities as well as securitization.

Part Three rounds out the discussion with concise coverage ofbond derivatives. It skillfully describes the markets, uses, andpricing of bond and interest rate futures and option contracts.Then it examines embedded options using a binomial interest ratetree and explores interest rate and credit default swaps.

Debt Markets and Analysis is an essential guide to thisimportant field. Combining fundamental and advanced topics withBloomberg information and analytics, it provides you with a betterunderstanding of the complexities and subtleties of the debtmarkets, and will put you in a better position to apply thatknowledge to real-world investment decisions.

Read More Show Less

Product Details

  • ISBN-13: 9781118000007
  • Publisher: Wiley
  • Publication date: 3/18/2013
  • Series: Bloomberg Financial Series, #135
  • Edition number: 1
  • Pages: 736
  • Sales rank: 422,991
  • Product dimensions: 7.40 (w) x 10.10 (h) x 2.30 (d)

Meet the Author

R. STAFFORD JOHNSON is Professor of Finance at the Williams College of Business, Xavier University. He is the coauthor of Options and Futures, and author of Introduction to Derivatives as well as the first two editions of Bond Evaluation, Selection, and Management. Debt Markets and Analysis is the first of three books in a series: upcoming are Derivatives, and Equity Markets and Portfolio Analysis. Johnson has written many articles appearing in journals such as Applied Economics, Journal of Financial Education, International Review of Economics and Business, Journal of Economics, the Financial Review, and the Review of Quantitative Finance and Accounting.

Read More Show Less

Table of Contents

Preface ix

Acknowledgments xiii

PART i: BOND EVALUATION AND SELECTION

CHAPTER 1 Overview of the Financial System 3

Chapter 2 Overview and Guide to the Bloomberg System 29

Chapter 3 Bond Value and Return 85

CHAPTER 4 The Level and Structure of Interest Rates 135

CHAPTER 5 Bond Risk 179

CHAPTER 6 Bond Investment Strategies 225

PART ii: DEBT MARKETS AND SECURITIES

CHAPTER 7 Corporate Debt Securities 267

CHAPTER 8 Government Securities and Markets: Treasury, Agencies,Municipals, and Sovereign Debt Securities 319

CHAPTER 9 Intermediary Debt Securities, Investment Funds, andMarkets 369

CHAPTER 10 Mortgage-Backed and Asset-Backed Securities andSecuritization 413

PART iii: DEBT DERIVATIVES

CHAPTER 11 Bond and Interest Rate Futures Contracts 479

CHAPTER 12 Bond and Interest Rate Option Contracts 517

CHAPTER 13 The Valuation of Bonds with Embedded Options and DebtOptions—The Binomial Interest Rate Tree 565

CHAPTER 14 Interest Rate and Credit Default Swaps 613

SUPPLEMENTAL APPENDICES

Appendix A: Primer on Return, Present Value, and Future Value667

Appendix B: Uses of Exponents and Logarithms 679

Appendix C: Directory Listing of Bloomberg Screens by Menu andFunction 685

Index 697

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)