Inside the Yield Book: The Classic That Created the Science of Bond Analysis

“The third edition of Inside the Yield Book builds on the previous editions with valuable insights into duration targeting. The authors convey their mathematically elegant findings with the same clarity and accessibility that characterized the writing of Leibowitz and Homer more than 40 years ago, before abstruse formulas began to permeate fixed-income analysis.”  —CFA Institute Book Review

A welcome update of a classic Gary A. Glynn A timely update of a classic text on bond management. It is really helpful in the current low interest rate environment.. fasdo said Five Stars. Duration = holding time horizon is a dangerous myth. Read and see why. Strongly recommended Erick Zanner This was required reading back in the daywould recommend it to anyone that has an interest in understanding the bond market.

Investors, traders, and analysts who want to sharpen their ability to recall and apply these fundamentals will find Inside the Yield Book the perfect resource.. Along the way, it skillfully explains and makes sense of essential mathematical relationships that are basic to an understanding of bonds, annuities, and loans—in fact, any securities or investments that involve compound interest and the determination of present value for future cash flows. The book also includes a new foreword.Contains information that is more instructive, important, and useful than ever for mastering the crucial concepts of time, value, and returnCombines the clear fixed-income insights found in the original edition with completely new knowledge to help you navigate today's dynamic marketIncludes over one hundred pages of new material on the role of bonds within the total portfolioIn an era of calculators and computers, some of the important underlying principles covered here are not always grasped thoroughly by market participants. Generations of practitioners, investors, and students have relied on its lucid explanations, and readers needing to delve more