{"product_id":"bond-markets-analysis-and-strategies-tenth-edition-isbn-9780262046275","title":"Bond Markets, Analysis, and Strategies, tenth edition","description":"\u003cb\u003eThe updated edition of a widely used textbook that covers fundamental features of bonds, analytical techniques, and portfolio strategy.\u003cbr\u003e \u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eThis new edition of a widely used textbook covers types of bonds and their key features, analytical techniques for valuing bonds and quantifying their exposure to changes in interest rates, and portfolio strategies for achieving a client’s objectives. It includes real-world examples and practical applications of principles as provided by third-party commercial vendors. This tenth edition has been substantially updated, with two new chapters covering the theory and history of interest rates and the issues associated with bond trading. Although all chapters have been updated, particularly those covering structured products, the chapters on international bonds and managing a corporate bond portfolio have been completely revised.\u003cbr\u003e \u003cbr\u003eThe book covers the basic analytical framework necessary to understand the pricing of bonds and their investment characteristics; sectors of the debt market, including Treasury securities, corporate bonds, municipal bonds, and structured products (residential and commercial mortgage-backed securities and asset-backed securities); collective investment vehicles; methodologies for valuing bonds and derivatives; corporate bond credit risk; portfolio management, including the fundamental and quantitative approaches; and instruments that can be used to control portfolio risk.\u003cbr\u003e Preface ix\u003cbr\u003eAcknowledgments xi\u003cbr\u003e1 Introduction 1\u003cbr\u003e2 Pricing of Bonds 19\u003cbr\u003e3 Measuring Yield 45\u003cbr\u003e4 Bond Price Volatility 71\u003cbr\u003e5 The Theory and History of Interest Rates 109\u003cbr\u003e6 Factors Affecting Bond Yields and the Term Structure of Interest Rates 125\u003cbr\u003e7 Treasury and Federal Agency Securities 161\u003cbr\u003e8 Corporate Debt Instruments 175\u003cbr\u003e9 Municipal Securities 209\u003cbr\u003e10 International Bonds 229\u003cbr\u003e11 Residential Mortgage Loans 259\u003cbr\u003e12 Agency Mortgage Pass-Through Securities 273\u003cbr\u003e13 Agency Collateralized Mortgage Obligations and Stripped Mortgage-Backed Securities 307\u003cbr\u003e14 Nonagency Residential Mortgage-Backed Securities 349\u003cbr\u003e15 Commercial Mortgage Loans and Commercial Mortgage-Backed Securities 365\u003cbr\u003e16 Asset-Backed Securities 379\u003cbr\u003e17 Collective Investment Vehicles 403\u003cbr\u003e18 Liquidity and Trading of Credit\/Spread Products 423\u003cbr\u003e19 Analysis of Bonds with Embedded Options 445\u003cbr\u003e20 Analysis of Residential Mortgage-Backed Securities 477\u003cbr\u003e21 Analysis of Convertible Bonds 511\u003cbr\u003e22 Corporate Bond Credit Analysis 531\u003cbr\u003e23 Credit Risk Modeling 561\u003cbr\u003e24 Bond Portfolio Management Strategies 583\u003cbr\u003e25 Bond Portfolio Construction 629\u003cbr\u003e26 Managing a Corporate Bond Portfolio 661\u003cbr\u003e27 Liability-Driven Investing for Defined Benefit Pension Plans 693\u003cbr\u003e28 Bond Performance Measurement and Evaluation 713\u003cbr\u003e29 Interest-Rate Futures Contracts 731\u003cbr\u003e30 Interest-Rate Options 775\u003cbr\u003e31 Interest-Rate Swaps, Forward-Rate Agreements, Caps, and Floors 819\u003cbr\u003e32 Credit Default Swaps 857\u003cbr\u003eAppendix: The Investment Management Agreement 881\u003cbr\u003eIndex 891\u003cb\u003eFrank J. Fabozz\u003c\/b\u003ei is Professor of Practice at Johns Hopkins Carey Business School. He has held positions at EDHEC Business School, Princeton, MIT, NYU, and Carnegie Mellon. He is the author of \u003ci\u003eCapital Markets\u003c\/i\u003e (fifth edition, MIT Press) and  \u003ci\u003eEntrepreneurial Finance and Accounting for High-Tech Companies\u003c\/i\u003e (MIT Press) and coauthor of \u003ci\u003eFoundations of Global Financial Markets and Institutions\u003c\/i\u003e. \u003cb\u003eFrancesco A. Fabozz\u003c\/b\u003ei is Managing Editor of the \u003ci\u003eJournal of Financial Data Science\u003c\/i\u003e, coauthor of two books on asset management, and a doctoral student in data science at Stevens Institute of Technology.\u003cbr\u003e \u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e ","brand":"The MIT Press","offers":[{"title":"Default Title","offer_id":44865917550821,"sku":"NP9780262046275","price":150.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780262046275.jpg?v=1767722919","url":"https:\/\/k12savings.com\/products\/bond-markets-analysis-and-strategies-tenth-edition-isbn-9780262046275","provider":"K12savings","version":"1.0","type":"link"}