Fixed Income Securities: Tools for Today's Markets - Rilegato

Tuckman, Bruce; Serrat, Angel

Rilegato

ISBN 10: 1119835550 ISBN 13: 9781119835554

Casa editrice: John Wiley & Sons Inc, 2022

Riassunto

Build or brush up on the foundation you need to be a sophisticated fixed income professional with this proven book

Fixed Income Securities: Tools for Today’s Markets has been a valued resource for practitioners and students for over 25 years. Clearly written, and drawing on a myriad of real market examples, it presents an overview of fixed income markets; explains the conceptual frameworks and quantitative tool kits used in the industry for pricing and hedging; and examines a wide range of fixed income instruments and markets, including: government bonds; interest rate swaps; repurchase agreements; interest rate futures; note and bond futures; bond options and swaptions; corporate bonds; credit default swaps; and mortgages and mortgage-backed securities.

Appearing a decade after its predecessor, this long-awaited Fourth Edition is comprehensively revised with:

• An up-to-date overview, including monetary policy with abundant reserves and the increasing electronification of market
• All new examples, applications, and case studies, including lessons from market upheavals through the pandemic
• New material on fixed income asset management
• The global transition from LIBOR to SOFR and other rates

Su questo libro

Informazioni sull'autore

BRUCE TUCKMAN is a Clinical Professor of Finance at New York University’s Stern School of Business, where he teaches fixed income and derivatives to undergraduates and MBAs. He ran research groups as a Managing Director at major investment banks for 15 years and recently served as Chief Economist of the Commodity Futures Trading Commission. He received his PhD in Economics from MIT.

ANGEL SERRAT is Head of Quantitative Investments at the fixed income department of Abu Dhabi Investment Authority (ADIA). He started an academic career at the University of Chicago and moved to industry in 1999. He held strategy and trading positions at Goldman Sachs, JP Morgan, and Capula Investment Management, where he was a partner and Chief Strategist. He holds a PhD from MIT.

Dalla quarta di copertina

For over 25 years, Fixed Income Securities: Tools for Today’s Markets has been an invaluable resource for practitioners and students in fixed income. Its straightforward and practical approach to a complex subject is characterized by intuitive explanations and the illustration of concepts with concrete and real-world examples.

This newly updated Fourth Edition begins with a broad overview of fixed income markets and participants, including current themes such as monetary policy with abundant reserves and trading liquidity in increasingly electronified markets. The book continues with conceptual frameworks and quantitative toolkits: arbitrage pricing; rates and spreads; DV01, duration, and convexity; multi-factor and empirical hedging; and term structure models. These and subsequent chapters dive into a wide range of instruments and markets: government bonds; interest rate swaps; repurchase agreements; note and bond futures; short-term rates and their derivatives; corporate bonds and credit default swaps; mortgages and mortgage-backed securities; and bond options and swaptions.

This latest edition incorporates all-new examples, applications, and case studies. The transition from LIBOR to SOFR is discussed in detail, as are market upheavals during the COVID-19 pandemic and economic shutdowns.

Fixed Income Securities: Tools for Today’s Markets, Fourth Edition, is a time-proven resource for building or brushing up on the knowledge and skill set of a sophisticated fixed income professional.

Dettagli dell'edizione

• Editore: John Wiley & Sons Inc
• Data di pubblicazione: 2022
• Lingua: Inglese
• ISBN 10: 1119835550
• ISBN 13: 9781119835554
• Rilegatura: Copertina rigida
• Numero edizione: 4
• Numero di pagine: 542
• Contatto del produttore: WROX; https://www.wiley.com/en-us; ; 111 River Street; Hoboken; NJ; 7030; U.S.A.
• Persona responsabile: Buchpark GmbH; gpsr@buchpark.de; ; Krügerweg 1; Trebbin; Brandenburg; 14959; Germania