Fixed-Income Securities: Valuation, Risk Management and Portfolio Strategies

It will be particularly useful to practitioners." - Darrell Duffie, Stanford University "This is the most comprehensive theoretical treatment of the subject I've ever seen." - Mark Rubinstein, Haas School of Business, University of California "An excellent review of interest rate models and of the pricing and hedging principles in the fixed-income area." - Oldrich Alfons Vasicek, KMV Corporation . "This is the first book I have seen to carefully cover such a wide set of topics in both theoretical and applied fixed-income modelling, ranging from the use of market information to obtain yield curves, to the pricing and hedging of bonds and fixed-income derivatives, to the currently active topic of defaultable yield-curve modelling

The text will be supported by a set of PowerPoint slides for use by the lecturerFirst textbook designed for students written on fixed-income securities - a growing marketContains numerous worked examples throughoutIncludes coverage of important topics often omitted in other books i.e. This book aims to fill this need. deriving the zero yield curve, deriving credit spreads, hedging and also covers interest rate and credit derivatives. The book will contain numerous worked examples, excel spreadsheets, with a building block approach throughout. There is currently no suitable text that offers a 'Hull-type' book for the fixed income student market. This textbook will be designed for fixed-income securities courses taught on MSc Finance and MBA courses. A key feature of the book will be coverage of both traditional and alternative investment strategies in the fixed-income market, for example, the book will cover the modern strategies used by fixed-income hedge funds

Good, timely and relevant fixed-income reading Valerie C. Lynn I am an IT person working for a financial services company, and I bought this book to get up to speed with some of the terminology and strategies of my business users. For that, I did find it useful. It did cover many of the investment vehicles and strategies that my fixed income portfolio managers use. I'm not sure I could use it myself to become a portfolio manager (and that is with a Mathematics undergraduate and a graduate degree in Finance), but it did have a lot of useful information. A little slow to start, and then really, really picked up quickly, with a lot of formulas, and maybe not a lot of explanation of them. One of my. a great reference book This book is great. To me, it is a great reference book. It is more math oriented. I mean, if you already have a sence of what fix-income securies are, and just want to have a better idea of the calculation part, go with this book. However, if you just want to know something about fix-income securities, and don't care so much about how to calculate the yields curve and so on, this might not be so helpful to you. Suresh's book, although is wired orgnized, little connections between chapters, might be a better choice, because it is more detailed in literal part. Again, lionel's book is a good reference book. If you want to work in fix. the best of the best the best book on the subject but not for beginners (too much math in it)