The Handbook of Fixed Income Securities [NOOK Book]

Overview

The world's most trusted fixed income resource for more than two decades, now substantially revised and updated

The Handbook of Fixed Income Securities is the investing industry's most authoritative, widely followed fixed income reference. Institutional and individual investors have learned to rely on the handbook for its scope and detail, along with the unquestioned global authority and expertise of its contributors.

This thoroughly revised ...

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The Handbook of Fixed Income Securities

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Overview

The world's most trusted fixed income resource for more than two decades, now substantially revised and updated

The Handbook of Fixed Income Securities is the investing industry's most authoritative, widely followed fixed income reference. Institutional and individual investors have learned to rely on the handbook for its scope and detail, along with the unquestioned global authority and expertise of its contributors.

This thoroughly revised seventh edition features updated facts and formulas for analyzing, valuing, and managing fixed income instruments and their derivatives in today's evolving marketplace, including:

  • Types, features, and uses of fixed income securities
  • Risks and risk control strategies
  • Basics of fixed income analytics, from bond pricing to price volatility measures
  • Binomial and Monte Carlo valuation methodologies
  • Active and structured portfolio management strategies
  • Interest rate and credit derivatives and their portfolio management applications
  • Increased coverage of electronic trading, international portfolio management, mortgage-backed and asset-backed securities, collateralized debt obligations, and innovative fixed income applications

The Handbook of Fixed Income Securities, Seventh Edition, is the most all-inclusive, up-to-date source available for fixed income facts and analyses. Its valuable perspective and insights will help you enhance investment returns and avoid poor performance in the fixed income market.

Since 1983, through six previous editions, The Handbook of Fixed Income Securities has been the essential reference for institutional investors, portfolio managers, financial analysts, and virtually anyone requiring access to the latest, most authoritative information on the global fixed income marketplace. But an unprecedented number of new products and approaches has brought dramatic new opportunities and risks to that marketplace.

In the substantially revised seventh edition of this investment classic, leading fixed income authority Frank Fabozzi with the assistance of Steven Mann once again teams with the world's top fixed income experts to provide you with insights and details on contemporary fixed income vehicles and strategies. New and updated topics include:

• Bond primary and secondary markets

• Calculating investment returns

• Forward rates

• Eurobonds

• Emerging market debt

• Stable value investments

• Mortgages and mortgage-backed securities

• Agency mortgage pass-through securities

• Collateralized mortgage obligations

• Residential asset-backed securities

• Securities backed by credit card receivables

• Cash-collateralized debt obligations

• Synthetic CDOs

• Credit risk modeling

• Rating agency approach to structured finance

• Yield-curve analysis

• The market yield curve and fitting the term structure of interest rates

• Hedging interest-rate risk with term-structure factor models

• Quantitative management of benchmarked portfolios

• Financing positions in the bond market

• Transition management

• Credit derivatives

The Handbook of Fixed Income Securities, Seventh Edition, equips you with a comprehensive overview of all fixed income securities and strategies and continues to be the investment industry's most accessible and all-inclusive resource. Invaluable for its theoretical insights, unsurpassed in its hands-on guidance, and unequalled in the expertise and authority of its contributors, this concise, complete explanation of fixed income securities and applications delivers the data and knowledge investment professionals need and remains the one fixed income answer book to have within reach at all times.

Revised edition covers all major fixed income markets, including money market instruments, corporate bonds, mortgage pass-throughs, bond swaps, financial futures and more.

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Editorial Reviews

Booknews
An updated and revised edition of an authoritative resource providing current information on fixed income securities. The volume's 62 chapters, each written by an authority on the subject, are divided into seven sections: general information about the investment features of fixed income securities and associated risks; domestic and foreign bonds and money market instruments; credit analysis of these instruments; mortgage- backed securities; methodologies for valuing fixed income securities; popular fixed income portfolio management strategies; and derivative instruments and their portfolio management applications. Annotation c. by Book News, Inc., Portland, Or.
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Product Details

  • ISBN-13: 9780071502054
  • Publisher: McGraw-Hill Education
  • Publication date: 4/15/2005
  • Sold by: Barnes & Noble
  • Format: eBook
  • Edition number: 7
  • Pages: 1500
  • File size: 19 MB
  • Note: This product may take a few minutes to download.

Meet the Author

Frank J. Fabozzi, Ph.D., C.F.A., is editor of the Journal of Portfolio Management, the Frederick Frank Adjunct Professor of Finance at Yale University's School of Management, and one of the world's foremost authorities on fixed income securities and derivative instruments. Fabozzi is the author and editor of dozens of widely acclaimed books on fixed income securities and investments, including Fixed Income Mathematics, The Handbook of Financial Instruments, Handbook of Mortgage-Backed Securities, and numerous others.

Steven V. Mann, Ph.D., is Professor of Finance at the Moore School of Business, University of South Carolina and, for over a decade, a well-respected lecturer on fixed income analytics to Wall Street firms. He has coauthored four books and numerous articles on fixed income and derivative instruments.


Frank J. Fabozzi is adjunct professor of finance at Yale University's School of Management. He is the author, co-author, or editor of literally dozens of titles on a plethora of investing topics.
McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide
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Table of Contents

Ch. 1 Overview of the types and features of fixed income securities 3
Ch. 2 Risks associated with investing in fixed income securities 21
Ch. 3 The primary and secondary bond markets 31
Ch. 4 Bond market indexes 53
Ch. 5 Bond pricing, yield measures, and total return 73
Ch. 6 Calculating investment returns 107
Ch. 7 The structure of interest rates 135
Ch. 8 Overview of forward rate analysis 159
Ch. 9 Measuring interest-rate risk 183
Ch. 10 U.S. treasury and agency securities 229
Ch. 11 Municipal bonds 251
Ch. 12 Private money market instruments 285
Ch. 13 Corporate bonds 305
Ch. 14 Medium-term notes 339
Ch. 15 Inflation-linked bonds 351
Ch. 16 Floating-rate securities 373
Ch. 17 Nonconvertible preferred stock 385
Ch. 18 International bond markets and instruments 393
Ch. 19 The eurobond market 409
Ch. 20 Emerging markets debt 441
Ch. 21 Stable value investments 471
Ch. 22 An overview of mortgages and the mortgage market 487
Ch. 23 Agency mortgage-backed securities 513
Ch. 24 Collateralized mortgage obligations 541
Ch. 25 Nonagency CMOs 579
Ch. 26 Residential asset-backed securities 589
Ch. 27 Commercial mortgage-backed securities 615
Ch. 28 Credit card asset-backed securities 629
Ch. 29 Securities backed by automobile loans and leases 647
Ch. 30 Cash-collateralized debt obligations 669
Ch. 31 Synthetic CDOs 695
Ch. 32 Credit analysis for corporate bonds 733
Ch. 33 Credit risk modeling 779
Ch. 34 Guidelines in the credit analysis of municipal general obligation and revenue bonds 799
Ch. 35 Rating agency approach to structured finance 827
Ch. 36 Fixed income risk modeling 839
Ch. 37 Valuation of bonds with embedded options 851
Ch. 38 Valuation of mortgage-backed securities 873
Ch. 39 OAS and effective duration 897
Ch. 40 A framework for analyzing yield-curve trades 913
Ch. 41 The market yield curve and fitting the term structure of interest rates 939
Ch. 42 Hedging interest-rate risk with term-structure factor models 967
Ch. 43 Introduction to bond portfolio management 989
Ch. 44 Quantitative management of benchmarked portfolios 1017
Ch. 45 Financing positions in the bond market 1047
Ch. 46 Global credit bond portfolio management 1061
Ch. 47 Bond immunization : an asset/liability optimizatin strategy 1091
Ch. 48 Dedicated bond portfolios 1103
Ch. 49 International bond portfolio management 1119
Ch. 50 Transition management 1147
Ch. 51 Introduction to interest-rate futures and options contracts 1163
Ch. 52 Pricing futures and portfolio applications 1187
Ch. 53 Treasury bond futures mechanics and basis valuation 1201
Ch. 54 The basics of interest-rate options 1225
Ch. 55 Interest-rate swaps and swaptions 1249
Ch. 56 Interest-rate caps and floors and compound options 1283
Ch. 57 Controlling interest-rate risk with futures and options 1301
Ch. 58 Introduction to credit derivatives 1337
Ch. 59 Convertible securities and their investment characteristics 1371
Ch. 60 Convertible securities and their valuation 1393
App. A A review of the time value of money 1443
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