Bond Markets, Analysis and Strategies
Book Summary
This text book is a comprehensive guide to the theory, analysis, and practical aspects of the bond market. The book offers an in-depth understanding of fixed-income securities, providing insights into how they are structured, traded, and analyzed. It covers key concepts such as interest rates, yield curves, and bond pricing, making it an essential resource for students and professionals in finance and investment. The text begins with a solid foundation in the bond market, explaining its role in the global financial system and its importance to both individual investors and institutional participants. It delves into various types of bonds, including government, corporate, and municipal bonds, as well as more complex structures like mortgage-backed securities. Fabozzi emphasizes the tools and techniques used for bond analysis, including duration, convexity, and the use of bond indices. The book also explores risk management strategies, such as immunization and the use of derivatives, to help manage interest rate and credit risks. Throughout, the author integrates real-world examples and case studies, showing how bond markets operate in practice. The book also discusses the strategies employed by bond portfolio managers and the factors that influence bond prices, such as inflation, monetary policy, and economic cycles.
ISBN’s: 9780132743549, 9780133796773
Author
Frank J. Fabozzi
