Fixed-Income Synthetic Assets: Packaging, Pricing, and Trading Strategies for Financial Professionals

Overview

The comprehensive guide to creating, valuing, and trading today’s most innovative fixed-income securities … Financial markets worldwide are being flooded with a wealth of innovative and increasingly complex securities. Now, more than ever, fixed-income professionals must understand how these synthetic instruments are structured and traded, and how to profitably integrate them into an overall financial strategy. Fixed-Income Synthetic Assets supplies this crucial working knowledge. This results-driven primer ...

See more details below
Hardcover
$54.40
BN.com price
(Save 26%)$73.95 List Price
Other sellers (Hardcover)
  • All (11) from $3.09   
  • New (4) from $48.79   
  • Used (7) from $3.09   
Sending request ...

Overview

The comprehensive guide to creating, valuing, and trading today’s most innovative fixed-income securities … Financial markets worldwide are being flooded with a wealth of innovative and increasingly complex securities. Now, more than ever, fixed-income professionals must understand how these synthetic instruments are structured and traded, and how to profitably integrate them into an overall financial strategy. Fixed-Income Synthetic Assets supplies this crucial working knowledge. This results-driven primer delivers the proven tools and techniques for packaging, pricing, and trading these innovative products. From A-tranche CMOs to Zero coupon bonds, this unique sourcebook guides both the novice and the professional through the full range of innovative synthetic structures and their manifold uses. It’s packed with easy-to-use formulas and charts, as well as clear, step-by-step discussions of financial theory that promote clear understanding of the most complex fixed-income financial engineering strategies and practices. This timely sourcebook is designed to help traders, arbitrageurs, speculators, and financial executives profit from the financial markets of today, and successfully prepare for the opportunities of tomorrow. "Perry H. Beaumont offers a logical, well organized book filled with examples. His step-by-step explanations make it easy to decipher some of today’s most sophisticated financial instruments." —Ira G. Kawaller Vice President, Director of New York Office, Chicago Mercantile Exchange "Fixed-Income Synthetic Assets is a practical guide to state-of-the-art financial practice. An excellent tool for the financial manager trading in the markets and applying the latest financial techniques." —David Robison Vice President & Treasurer Chrysler Financial Corporation

Read More Show Less

Product Details

  • ISBN-13: 9780471551621
  • Publisher: Wiley
  • Publication date: 9/17/1992
  • Series: Wiley Finance Series , #23
  • Edition number: 1
  • Pages: 320
  • Product dimensions: 0.75 (w) x 9.21 (h) x 6.14 (d)

Meet the Author

About the author PERRY H. BEAUMONT is Senior Vice-President at Lehman Brothers, where he specializes in strategy for all cash and derivative government securities including agencies. Prior to joining Lehman, Perry was Director for Risk Management, North America at Swiss Bank Corporation, and was previously Manager of Financial Futures research at Kidder, Peabody & Co. He holds a doctorate in economics from the University of Illinois at Urbana-Champaign, and is an adjunct professor at Fordham University in New York City.

Read More Show Less

Table of Contents

Partial table of contents:

THE BUILDING BLOCKS OF SYNTHETIC ASSETS.

Present Value, Compound Interest, and Total Returns.

Forward Rates and Spot Rates.

Duration and Convexity.

SYNTHETIC MONEY MARKET SECURITIES.

A Survey of Cash Money Market Securities.

Repos, Reverse Repos, and Dollar Rolls.

Treasury Bill Futures.

Eurodollar Futures and International Money Markets.

Floating Rate Notes.

SYNTHETIC NOTES, BONDS, AND OPTIONS.

Creating Duration.

Creating Convexity.

Creating Other Synthetic Assets.

SYNTHETIC FIXED-INCOME PORTFOLIOS.

Creating Portfolio Duration.

Designing Portfolio Returns.

VARIATIONS ON A THEME.

Equity- and Commodity-Linked Securities.

Synthetic Option Strategies.

Appendices.

Glossary.

Index.

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)