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Fixed Income Securities: Tools for Today's Markets (Wiley Finance)

Description:

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


From the Inside Flap

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.

From the Back Cover

PRAISE FOR PRAISE FOR FIXED INCOME SECURITIES

“This eagerly awaited update of the classic fixed income textbook presents clear, well-organized analytics and a treasure trove of global institutional detail and historical context.”

JENNIFER CARPENTER, Professor of Finance, NYU Stern School of Business

Fixed Income Securities is the go-to textbook on the subject, and will remain so because of this comprehensive revision. Tuckman and Serrat make their world-leading knowledge accessible and lively. There is no substitute for this modern and expert blend of institutional knowledge, conceptual frameworks, and quantitative models.”

DARRELL DUFFIE, The Adams Distinguished Professor of Management and Professor of Finance, Stanford Graduate School of Business

“This masterfully crafted book provides the perfect blend of intuition, foundational principles, insightful examples, and market insights. It provides a comprehensive introduction to every aspect of the fixed income markets in a way that makes it both a pleasure to read and an essential reference for anyone interested in learning about these securities. I strongly recommend this classic.”

FRANCIS LONGSTAFF, Distinguished Professor of Finance, Allstate Chair in Insurance and Finance, UCLA Anderson School of Management

“This book stands out by its detailed description of instruments―without compromising on theory―and by the richness of the illustrations and applications sprinkled throughout the book. The authors’ credentials are clearly impeccable, both in training and experience at the cutting edge of fixed income markets. This is a must read for practitioners interested in understanding how these markets function.”

RAVI K. MATTU, Global Head of Analytics, PIMCO

“This edition of Fixed Income Securities includes analysis of many new fixed income concepts and instruments, brought to life with excellent commentary and real-world examples. It is an essential guide for any practitioner trying to understand the significant evolution of the fixed income market over the past decade.”

JEFFREY MELI, Head of Research, Barclays Investment Bank

Fixed Income Securities covers everything from classical methods to original new research relevant to the theory and practice of fixed income trading and risk management. Examples are worked through including practical estimation techniques. This book will be extremely useful to new and seasoned professionals.”

ANDREW MORTON, Global Head of Markets, Citi

"Fixed Income Securities is excellent, seamlessly combining theory and experience to make the global fixed-income markets come alive for students and practitioners. The fourth edition updates multiple examples and adds context to conceptual presentations. 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 Economic Sciences, Frank E. Buck Professor of Finance, Emeritus, Graduate School of Business, Stanford University

Details:

Fixed Income Securities: Tools for Today's Markets (Wiley Finance)

Product ID: K1119835550
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Returns & Warranty policies

Imported From: United Kingdom

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Every product in the BOLO catalogue is sourced through our Verified Global Supply Network of verified sellers, authorized distributors or directly from the manufacturer.

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Unless otherwise stated, all prices displayed on the product page include applicable taxes and import duties.

BOLO operates in accordance with the laws and regulations of Qatar. Any items found to be restricted or prohibited for sale within the Qatar will be cancelled prior to shipment. We take proactive measures to ensure that only products permitted for sale in Qatar are listed on our website.

All items are shipped by air, and any products classified as “Dangerous Goods (DG)” under IATA regulations will be removed from the order and cancelled.

All orders are processed manually, and we make every effort to process them promptly once confirmed. Products cancelled due to the above reasons will be permanently removed from listings across the website.

Fixed Income Securities: Tools for Today's Markets (Wiley Finance)

Product ID: K1119835550
Fixed Income Securities: Tools for Today's Markets (Wiley Finance)-0
|

Returns & Warranty policies

Imported From: United Kingdom

At BOLO, we work hard to ensure the products you receive are new, genuine, and sourced from reputable suppliers.

Every product in the BOLO catalogue is sourced through our Verified Global Supply Network of verified sellers, authorized distributors or directly from the manufacturer.

Each product undergoes thorough inspection and verification at our consolidation and fulfilment centers to ensure it meets our strict authenticity and quality standards before being shipped and delivered to you.

If you ever have concerns regarding the authenticity of a product purchased from us, please contact Bolo Support. We will review your inquiry promptly and, if necessary, provide documentation verifying authenticity or offer a suitable resolution.

Your trust is our top priority, and we are committed to maintaining transparency and integrity in every transaction.

While we strive to display accurate information, variations in packaging, labeling, instructions, or formulation may occasionally occur due to regional differences or supplier updates. For detailed or manufacturer-specific information, please contact the brand directly or reach out to BOLO Support for assistance.

Unless otherwise stated, all prices displayed on the product page include applicable taxes and import duties.

BOLO operates in accordance with the laws and regulations of Qatar. Any items found to be restricted or prohibited for sale within the Qatar will be cancelled prior to shipment. We take proactive measures to ensure that only products permitted for sale in Qatar are listed on our website.

All items are shipped by air, and any products classified as “Dangerous Goods (DG)” under IATA regulations will be removed from the order and cancelled.

All orders are processed manually, and we make every effort to process them promptly once confirmed. Products cancelled due to the above reasons will be permanently removed from listings across the website.

Description:

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


From the Inside Flap

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.

From the Back Cover

PRAISE FOR PRAISE FOR FIXED INCOME SECURITIES

“This eagerly awaited update of the classic fixed income textbook presents clear, well-organized analytics and a treasure trove of global institutional detail and historical context.”

JENNIFER CARPENTER, Professor of Finance, NYU Stern School of Business

Fixed Income Securities is the go-to textbook on the subject, and will remain so because of this comprehensive revision. Tuckman and Serrat make their world-leading knowledge accessible and lively. There is no substitute for this modern and expert blend of institutional knowledge, conceptual frameworks, and quantitative models.”

DARRELL DUFFIE, The Adams Distinguished Professor of Management and Professor of Finance, Stanford Graduate School of Business

“This masterfully crafted book provides the perfect blend of intuition, foundational principles, insightful examples, and market insights. It provides a comprehensive introduction to every aspect of the fixed income markets in a way that makes it both a pleasure to read and an essential reference for anyone interested in learning about these securities. I strongly recommend this classic.”

FRANCIS LONGSTAFF, Distinguished Professor of Finance, Allstate Chair in Insurance and Finance, UCLA Anderson School of Management

“This book stands out by its detailed description of instruments―without compromising on theory―and by the richness of the illustrations and applications sprinkled throughout the book. The authors’ credentials are clearly impeccable, both in training and experience at the cutting edge of fixed income markets. This is a must read for practitioners interested in understanding how these markets function.”

RAVI K. MATTU, Global Head of Analytics, PIMCO

“This edition of Fixed Income Securities includes analysis of many new fixed income concepts and instruments, brought to life with excellent commentary and real-world examples. It is an essential guide for any practitioner trying to understand the significant evolution of the fixed income market over the past decade.”

JEFFREY MELI, Head of Research, Barclays Investment Bank

Fixed Income Securities covers everything from classical methods to original new research relevant to the theory and practice of fixed income trading and risk management. Examples are worked through including practical estimation techniques. This book will be extremely useful to new and seasoned professionals.”

ANDREW MORTON, Global Head of Markets, Citi

"Fixed Income Securities is excellent, seamlessly combining theory and experience to make the global fixed-income markets come alive for students and practitioners. The fourth edition updates multiple examples and adds context to conceptual presentations. 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 Economic Sciences, Frank E. Buck Professor of Finance, Emeritus, Graduate School of Business, Stanford University

Details: