Fixed Income Securities: Tools for Today's Markets / Edition 3

Fixed Income Securities: Tools for Today's Markets / Edition 3

by Bruce Tuckman, Angel Serrat
     
 

View All Available Formats & Editions

ISBN-10: 0470904038

ISBN-13: 9780470904039

Pub. Date: 11/08/2011

Publisher: Wiley

Praise For Fixed Income Securities

"Fixed Income Securities is excellent, seamlessly combining theory and experience to make the global fixed-income markets come alive for students and practitioners. It is obvious that the authors not only understand and articulate theory with ease, but also enjoy its application to myriad simple and

Overview

Praise For Fixed Income Securities

"Fixed Income Securities is excellent, seamlessly combining theory and experience to make the global fixed-income markets come alive for students and practitioners. It is obvious that the authors not only understand and articulate theory with ease, but also enjoy its application to myriad simple and complicated instruments."
Myron Scholes, 1997 Nobel Laureate in Economics; Frank E. Buck, Professor of Finance, Emeritus, Graduate School of Business, Stanford University

"It takes authors who have both insight into financial economics and a thorough understanding of how markets function to write a book that integrates theory and practice so effortlessly. As market turmoil forces us to revisit historical relationships, the book's setting of applications and data in the context of sound theory is particularly useful."
Ravi Mattu, Managing Director and Head of Analytics, PIMCO

"Fixed Income Securities conveys intuition, is full of examples, and is comprehensive in its coverage. Professionals will find valuable insights in the authors' treatment of advanced topics; students will value the careful organization and presentation of ideas. I recommend it very highly indeed.
Krishna Ramaswamy, Edward Hopkinson, Jr., Professor of Investment Banking, The Wharton School, University of Pennsylvania

"This is a great reference book for fixed income students and practitioners alike, which seamlessly combines mathematical concepts with practical applications."
Kostas Pantazopoulos, Global Head of Interest Rate Products, Goldman Sachs

Product Details

ISBN-13:
9780470904039
Publisher:
Wiley
Publication date:
11/08/2011
Series:
Wiley Finance Series, #626
Edition description:
3rd Edition, University Edition
Pages:
656
Sales rank:
712,857
Product dimensions:
6.00(w) x 8.90(h) x 1.80(d)

Table of Contents

THE RELATIVE PRICING OF TRADITIONAL FIXED INCOME SECURITIES.
Bond Prices and Discount Factors.
Bond Prices and Interest Rates: Spot and Forward.
Yield-to-Maturity.
Real Data Issues.
THE RELATIVE PRICING OF INTEREST RATE CONTINGENT CLAIMS.
An Introduction to Arbitrage-Free Pricing of Derivatives.
Risk-Neutral Pricing.
Arbitrage-Free Pricing in a Realistic Setting.
The Art of Term-Structure Modeling.
Equilibrium vs.
Arbitrage-Free Models.
MEASURES OF PRICE SENSITIVITY.
The Price-Rate Function and Its Derivative.
Measures of Price Sensitivity.
Macaulay and Modified Duration.
Key Rate Durations.
SELECTED APPLICATIONS.
Forward and Futures Contracts.
Floaters and Inverse Floaters.
Interest Rate Swaps.
The Options Embedded in Corporate Bonds.
Mortgage-Backed Securities.
References.
Index.

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >