Bond Math

Beschreibung

A bond calculation quick reference, complete with context andapplication insights Bond Math is a quick and easy resource that puts theintricacies of bond calculations into a clear and logical order.This simple, readable guide provides a handy reference, teachingthe reader how to think about the essentials of bond math. Muchmore than just a book of formulas, the emphasis is on how to thinkabout bonds and the associated math, with plenty of examples,anecdotes, and thought-provoking insights that sometimes runcounter to conventional wisdom. This updated second editionincludes popular Bloomberg pages used in fixed-income analysis,including the Yield and Spread Analysis page, plus a companionwebsite complete with an Online Workbook of multiple choicequestions and answers and spreadsheet exercises. Detailed coverageof key calculations, including thorough explanations, providepractical guidance to working bond professionals. The bond market is the largest and most liquid in the world,encompassing everything from Treasuries and investment gradecorporate paper to municipals and junk bonds, trading over $900billion daily in the U.S. alone. Bond Math is a guide to theinevitable calculations involved in managing bonds, with expertinsight on the portfolios and investment strategies that puts themath in perspective. Clear and concise without sacrificing detail,this book helps readers to: * Delineate the characteristics of different types of debtsecurities * Calculate implied forward and spot rates and discountfactors * Work with rates of return, yield statistics, and interest rateswaps * Understand duration-based risk measures, and more Memorizing formulas is one thing, but really learning how tomentally approach the math behind bonds is something else entirely.This approach places calculations in context, and enables easiertransition from theory to application. For the bond professionalseeking a quick math reference, Bond Math provides that andso much more.

Autor*in

Donald J. Smith

Themen in »Bond Math«

Finance & Investments Finanz- u. Anlagewesen Investments & Securities Kapitalanlage Kapitalanlagen u. Wertpapiere

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