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

Tuckman, Bruce

Hardcover

ISBN 10: 0471063177 ISBN 13: 9780471063179

Verlag: John Wiley & Sons Inc, 2002

Inhaltsangabe

A comprehensive book which reflects the most current thinking on fixed income securities and how to handle them Fixed income securities, such as bonds, can be hard to value when unforeseen factors impact the market. This Second Edition of Fixed Income Securities has been fully updated to reflect the most advanced thinking on valuation and modeling of fixed income securities. Author and fixed income specialist Bruce Tuckman provides both a theoretical and practical view of the topic in a manner that is highly accessible to a broad universe of readers interested and involved with fixed income securities. Besides containing all the latest fixed income securities valuation models and techniques, this book allows readers to apply this knowledge to real world situations.

Über diesen Titel

Über die Autorin bzw. den Autor

BRUCE TUCKMAN, PhD, is a Managing Director in the Fixed Income and Derivatives Division of Credit Suisse First Boston. After receiving his doctorate in economics from MIT, he became a professor of finance at New York University's Stern School of Business and a visiting professor at UCLA's Anderson Graduate School of Management. He began his Wall Street career at Salomon Brothers' Fixed Income Proprietary Trading Group.

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Praise for Fixed Income Securities, Second Edition

"What distinguishes this book from many others on the subject is that Tuckman has skillfully combined intuitive rationale with mathematical analysis to give readers a clear and deep understanding of the market. Tuckman has written a comprehensive reference book that should be found on the desks of both seasoned practitioners and novices alike." ?Gerald Lucas, Senior Government Strategist, Director, Global Securities Research, Merrill Lynch

"This outstanding book offers a well–written and clear tutorial for many of the cutting–edge analytical techniques and models used in practice. Combines a wealth of institutional knowledge, practical tools, and realistic examples, while giving a clear understanding of the underlying theory." ?Francis Longstaff, Professor of Finance, The Anderson School at UCLA

"An excellent reference for anyone intending to bridge the gap between financial mathematics theory and the practice of financial markets." ?Marek Musiela, BNP Paribas

"This is an extremely readable book with a balance between technical detail and practical application. Unlike other books in the area, thorough and tightly knit chapters reflect Tuckman?s unique background as a well–respected academic and market participant." ?Tony D. Kao, Managing Director, Global Fixed Income GM Asset Management

Aus dem Klappentext

"The goal of this edition is . . . to present the conceptual framework used for the pricing and hedging of fixed income securities in an intuitive and mathematically simple manner."
From the Introduction

Intuitive and mathematically simple. From the very first sentences of Fixed Income Securities, Second Edition, author and fixed income veteran Bruce Tuckman explains what makes his book so refreshingly straightforward. Tuckman provides an in–depth examination of the pricing and hedging of fixed income securities a necessarily complex and calculation–heavy subject without cutting corners or overlooking crucial concepts. Yet he explains it in terms that all investors, traders, and financial professionals can understand.

Fixed Income Securities, Second Edition presents the essential concepts and tools developed by today’s most renowned and respected practi–tioners and academics, from convexity and the futures–forward difference through mean reversion and risk premium to arbitrage and risk–neutral pricing. Employing a step–by–step and user–friendly strategy to explain one of the financial world’s most complex and competitive fields, Fixed Income Securities, Second Edition addresses many important topics on the pricing and hedging of fixed income securities, including:

Spot and Forward Interest Rates Curve Fitting Duration and Partial Durations The Shape of the Term Structure Short–Rate Models Special Financing Delivery Options Floating Cash Flows The Prepayment Option And more

Fixed Income Securities, Second Edition approaches a theoretically demanding field from the working professional’s point of view. This Second Edition adds a myriad of examples, applications, and case studies to illustrate the practical uses of difficult concepts. From swaps and options to butterfly spreads, spreads of spreads, and basis trades, this hands–on guide goes straight to the heart of fixed income knowledge and provides a template for trading and investing in the twenty–first–century marketplace.

Details zur Ausgabe

• Verlag: John Wiley & Sons Inc
• Erscheinungsdatum: 2002
• Sprache: Englisch
• ISBN 10: 0471063177
• ISBN 13: 9780471063179
• Einband: Gebundene Ausgabe
• Auflage: 2
• Anzahl der Seiten: 528
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar