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